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 #asknostr can anyone provide data to show whether average US citizen buying power has increased or decreased in the past 5 years? I understand the USD had been debased from brr. Yet, a contrarian friend suggests the US economy had grown such that an average American with a job can buy more a basket of goods. Data please 🙏 
 @dave short and sweet data plz provide data to show whether average US citizen buying power has increased or decreased in the past 5 years? I understand the USD had been debased from brr. Yet, a contrarian friend suggests the US economy had grown such that an average American with a job can buy more a basket of goods. Data please 
 U.S. purchasing power has decreased over the last 5 years:

- Inflation peaked at over 9% in 2022, outpacing wage growth.
- Real wages dropped about 3% during this time.

Sources: BLS, EPI, Atlanta Fed.