Since wages have not kept up with inflation, it’s already factored in as inflation drives the total debt faster. Total debt rising without a corresponding rise in wages means an increase in interest and defaults in general.
A total measured over the entire US economy without adjusting for a variety of factors including inflation and population change seems like exactly the kind of thing you would expect from a news headline. How about average or per capita?
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Not adjusted for inflation, so useless. At least do % of gdp which is also flawed but better than this.
Since wages have not kept up with inflation, it’s already factored in as inflation drives the total debt faster. Total debt rising without a corresponding rise in wages means an increase in interest and defaults in general.
The median wage has kept up with inflation anywhere this line is flat or sloping up: https://fred.stlouisfed.org/series/LES1252881600Q
Yes, that is correct for median wages within a time range.
what?
A total measured over the entire US economy without adjusting for a variety of factors including inflation and population change seems like exactly the kind of thing you would expect from a news headline. How about average or per capita?