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re: US CPI comes in "hotter than expected"
Posted on 5/16/24 at 8:18 am to Bard
Posted on 5/16/24 at 8:18 am to Bard
Add the consumer into that mix as well. Consumers are still deeply in debt and constantly creating more while draining their savings, all while real wages are falling behind.
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Consumer debt is trending the wrong way, but real wages has been holding up. I assume we are talking this year, not 2 years ago.
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Consumer debt is trending the wrong way, but real wages has been holding up. I assume we are talking this year, not 2 years ago.
1
Posted on 5/16/24 at 11:52 am to KWL85
quote:
but real wages has been holding up
Not this year.
BLS for April 2024
quote:
Real average hourly earnings for all employees decreased 0.2 percent from March to April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today.
There's the mention that it's actually up .5% YoY, but the visualization tells a more clear story: real wages topped out in January and then dropped almost every month thus far this year (it hasn't risen any month thus far this year).
This post was edited on 5/16/24 at 11:53 am
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