The numbers are inflation adjusted. One may disagree with official numbers capturing the “real” inflation, but inflation is the relative Cost of Living.
The article also gives a breakdown in where the gains were, and an estimate of how much net worth raise was from increases in home prices.
Now going to disagree, however inflation is cooling and consumers are beginning to realize that there are other options for them rather than paying what price gougers demand.
Are there? Seems like kind of a shitty article to me, especially when it says nothing about the cost of living.
The numbers are inflation adjusted. One may disagree with official numbers capturing the “real” inflation, but inflation is the relative Cost of Living.
The article also gives a breakdown in where the gains were, and an estimate of how much net worth raise was from increases in home prices.
Nope. Cost of living is no longer tied to inflation in the U.S. Not since companies have figured out they can get away with endless price gouging.
https://www.vox.com/money/2023/11/8/23951098/economy-inflation-prices-job-market-sticker-shock
Now going to disagree, however inflation is cooling and consumers are beginning to realize that there are other options for them rather than paying what price gougers demand.
So you disagree with the official numbers. Great.
Which official numbers show that cost of living and inflation are the same in the U.S. are you talking about?
Because there aren’t such official numbers in the Axios article.