Reposted by The Century Foundation
New paper from @tcfdotorg.bsky.social & @protectborrowers.bsky.social on a missing piece of the affordability debate: debt
Since 2022, debt payments rose 14.8% while real income grew just 1.7%. For the typical worker, 52 cents of every additional dollar went to debt payments tcf.org/content/repo...
tcf.org
Half of Every Dollar: How Household Debt Eats Into Workers’ Income Gains
Executive Summary For years, the headline economic data describing workers’ well-being have been weak: over the year ending in August, the most recent