Americans still feeling financial pain despite slowing inflation

Inflation is slowing but Americans still feel financial squeeze from high prices and borrowing costs
Credit card debt and interest rates not fully captured in inflation metrics like Consumer Price Index
Loss aversion means price increases feel more painful to consumers than equivalent wage gains
High inflation has persisted longer than expected, making consumers fear it is getting worse
Prices are still rising just more slowly, so consumers may feel things cost more even as data shows cooling