alt Hacker NewsYou might call me crazy, but at least in 2024, consumers spent ~1% less of their income on expenses than 2019[2], which suggests that 2024 is more affordable than 2019.
This is from the BLS consumer survey report released in dec[1]
[1]https://www.bls.gov/news.release/cesan.nr0.htm
[2]https://www.bls.gov/opub/reports/consumer-expenditures/2019/
Prices are never going back to 2019 numbers though
That's an improper analysis.
First off, it's dollar-averaging every category, so it's not "% of income", which varies based on unit income.
Second, I could commit to spending my entire life with constant spending (optionally inflation adjusted, optionally as a % of income), by adusting quality of goods and service I purchase. So the total spending % is not a measure of affordability.