Wage Growth Outpaces Inflation, But High Prices Still Strain Budgets for Many

Wage growth has outpaced inflation recently, leading to financial security for some, but inflation hangover persists due to high prices.

There is nostalgia for 2019, when prices and interest rates were lower, representing the last "normal" period before pandemic volatility.

While broad economic indicators show strength, personal financial situations vary, and some areas face ongoing decline.

Homeowners tend to feel more insulated from inflation compared to renters and those seeking home purchases.

With elections approaching, economic frustrations tied to high prices may impact political incumbents despite positive wage and jobs trends.