Good post by #MikeKonczal — the raising cost of essentials is outpacing #CPI.
“When the prices of necessities rise faster than everything else, when housing becomes mechanically harder to access, when planning gets more cognitively costly, and when borrowing is more expensive, welfare can fall even if average real incomes recover.”
https://newsletter.mikekonczal.com/p/why-affordability-and-the-vibecession








