Average American consumer purchasing power has declined both due to the weakening value of the dollar and due to lingering inflation that has outpaced wage growth, with prices rising faster than average wages have kept up.
factualpending
Speaker
Nomi PrinsEvidence Quote
“purchasing power has has declined um it has declined because the value of the dollar...and it has also declined because of this lingering inflation um we have seen prices rise less quickly more recently but they are still rising and they are still Rising more quickly than average wages have kept up”
Source
'Permanent Distortions' Created: These Are Economy's Biggest 'Red Flags' | Nomi Prins— David LinCreated: 8/11/2026, 1:12:12 AM
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