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Many in the youthful cohort grew up during a recession and started their financial lives amid a pandemic. They’ve taken on a scarcity mindset.
Airline tickets and eating out cost more in August than July. But price gains are easing in other previously sticky industries.
The CPI shows consistently higher inflation than the PCE because it emphasizes different prices. Their gap has been wider than usual.
We do the numbers on how much each candidate’s plans will add to the national debt and impact voters.
In New York the median rent for a one-bedroom just crossed $4,500, by one estimate.
The economy — and life —has changed a lot since.
Because data lags, the current level is uncertain. Plus, key factors like unemployment and the commercial property market are volatile.
Despite high prices, “wages are growing faster than inflation,” and families’ purchasing power is growing, he says.
Optimism has increased, but it’s still below a 50-year average, a National Federation of Independent Business survey shows.
Consumers’ price expectations influence how they save and spend their money, potentially creating self-fulfilling prophecies.