Why Your Raise Doesn’t Feel Like a Raise (with Angela Hanks)

You got a raise. So why does it feel like you’re still struggling?
New research finds that rising debt payments have swallowed more than half of real income gains for a typical one-earner household since late 2022. Angela Hanks of The Century Foundation joins Goldy and Paul to explain how debt is deepening America's affordability crisis, trapping workers in bad jobs, and weakening their bargaining power. And why fixing the problem requires more than just getting people out of debt.
Angela Hanks is Chief of Policy Programs at The Century Foundation and a coauthor of the report: Half of Every Dollar: How Household Debt Eats Into Workers’ Income Gains.
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@AngelaHanks
@TCFdotorg
@tcfdotorg.bsky.social
Further reading:
Half of Every Dollar: How Household Debt Eats Into Workers’ Income Gains
Men at Arms by Terry Pratchett
Sam Vimes ‘Boots’ Theory of Socio-Economic Unfairness
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