Dossier
Erik Hurst
Coverage of Erik Hurst in the Nexus archive.
- One big thing is dragging down Americans' vibes about the economy
Consumer sentiment regarding the economy is worse than in pandemic years because inflation has outpaced wage growth for four straight months. The prolonged impact of recent price surges caused a persistent downward shift in real wages for nearly 40% of workers between December 2020 and 2024. This loss of purchasing power continues to affect American households despite slowing inflation.