This might be the most important inflation chart right now. 40%
of the public has less than $1,000 of savings and rents. They
did not have home prices and/or stocks to "bail them out" from
higher prices. Their position worsened in December (bottom
panel).
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Real Wages - Jim Bianco Comments
Posted by steve on 25th of Jan 2022 at 08:15 am
This might be the most important inflation chart right now. 40% of the public has less than $1,000 of savings and rents. They did not have home prices and/or stocks to "bail them out" from higher prices. Their position worsened in December (bottom panel).