CPI is a great indicator of cost of living and is defined rigorously by law. We can argue if it is missing things, and I would agree. But that doesn’t mean we should ignore its value.
People being worried about their daily expenses skyrocketing is important? Your privileged lack of worry doesn’t solve the world’s problems.
I think consumer credit card debt (1) is a good indicator of normal people’s inability to pay for their expenses upfront, i.e. their “income is behind the cost of living”.
People being worried about their daily expenses skyrocketing is important? Your privileged lack of worry doesn’t solve the world’s problems.