[bloppe]

Your link examines the purchasing power of "a dollar", not the purchasing power of the average person. Inflation is always supposed to be positive because deflation is far worse for the economy than inflation is. Average wages have also increased since 2019, hence average purchasing power of people increasing. Inequality has increased, but real purchasing power is still increasing for people at the 75th percentile, so generally almost everybody is getting more wealthy in real terms.

Housing and healthcare costs are outpacing wage increases, it's true. The CPI (which is used to determine real purchasing power) weights them at about ~44% and ~7%, respectively [1]. So together, these constitute about half of the CPI, and yet average real purchasing power is still increasing.

The big factor is where you live. If you live near a wealthy coastal city, you're getting railed by NIMBYs into far higher housing costs than the average American. You're also more likely to be in the minority of Americans who don't already live in a home they own (65% of Americans own their own home), so housing price increases are even worse for you. This group is likely over-represented on HN, but it's not exactly "average".

Cold comfort I'm sure... but migration is a potential solution.

[1]: https://www.bls.gov/cpi/tables/relative-importance/2023.htm