Inflation is rocketing again… Cost for US middle-class family of four outstripping median male income.

Inflation is rocketing again, lumber/housing prepping to get crushed pic.twitter.com/bNXL7LByYM

— Darth Powell (@VladTheInflator) August 7, 2023

⚠️INFLATION⚠️

Cost for US middle-class family of four outstripping median male income.

In 1985…

◼️Costs: $17,586/yr
◼️Income: $23,036/yr
◼️Net: +$5,450/yr

In 2022…

◼️Cost: $75,732
◼️Income: $63,388/yr
◼️Net: -$12,344/yr

h/t @LizAnnSonders @AmerCompass pic.twitter.com/TVqfc5POXA

— Hedgeye (@Hedgeye) August 7, 2023

First-time homebuyers must now earn $64,500 a year to ensure the cost of an average entry-level home doesn’t exceed 30% of their income, per Bloomberg.

That’s up from $57,222 a year ago.

— unusual_whales (@unusual_whales) August 7, 2023

Thanks @lisaabramowicz1.
This is one of the reasons why some people are worried about an inflation "smile" for the US — that is, the current fall in headline inflation giving way to a stabilization and then a move back up in the fourth quarter of the year.
Other factors fueling… https://t.co/6vcKOXDRfq

— Mohamed A. El-Erian (@elerianm) August 6, 2023

Market-implied inflation expectations over the next 5-10 years have risen to the highest levels in more than a year. Traders are starting to game out a future with sustainably higher inflation and higher long-term bond yields. https://t.co/AX0CQH7Ox3 pic.twitter.com/bP2WVhAWfi

— Lisa Abramowicz (@lisaabramowicz1) August 7, 2023