[FredPret]

What data are you looking at that shows decreasing wages and spending?

[wombatpm]

Stagnant wages in high inflation is the same as decreasing wages

[FredPret]

Show me that data.

Here’s the opposite perspective:

Real disposable income is up: https://fred.stlouisfed.org/series/A229RX0 Real median personal income is up: https://fred.stlouisfed.org/series/MEPAINUSA672N