Source: The American Prospect
by Harold Meyerson
“There are, of course, two components to affordability: sellers’ prices and buyers’ incomes. For most American families, buying (or renting) focuses either heavily or entirely on life’s essentials: housing, food, transportation, education, health care, and other forms of care (child, senior). That a clear majority of American families are, at minimum, stressed by these costs is a consequence of not just a host of factors on the sellers’ side, but of one big factor on the buyers’ side: a half-century of wage stagnation, even as investment income has soared. Or, if you prefer, a half-century of buyers’ income stagnation, even as sellers’ income has soared. If you depend on investments for most of your income, this is a pretty damn good time.” (12/03/25)
https://prospect.org/2025/12/03/79-trillion-heist-worker-pay/