> prices for goods are increasing faster than wages, so most people have less disposable income
Real wages are flat with Q4 2019, but higher than almost any other time in the iPhone’s existence [1]. Disposable income is also near all-time highs [2].
Inflation means you're always going to have record statistics of everything in everything but a plummeting (think: Ukraine) economy. Stock market. Household wealth. Household debt.
Real wages are flat with Q4 2019, but higher than almost any other time in the iPhone’s existence [1]. Disposable income is also near all-time highs [2].
[1] https://fred.stlouisfed.org/series/LES1252881600Q
[2] https://fred.stlouisfed.org/series/DSPI