How Your Raise Is Finally Beating Credit Card Debt Payments

In this episode of Wages and Prices with Fexingo, Lucas and Luna break down the latest wage growth data versus the interest payments on credit card debt. With average hourly earnings hitting $37.50 and the Federal Reserve holding rates steady under new chair Kevin Warsh, the cost of carrying a balance is finally shrinking in real terms. Lucas walks through the numbers: wage growth of 3.2% year-over-year versus credit card APRs that have plateaued around 22.5% after peaking near 24%. Luna challenges whether this relief is evenly distributed, pointing out that minimum payments and late fees still eat into raises for the lowest earners. The conversation then explores what this means for household budgets, savings rates, and the broader consumer economy. Specific, data-driven, and actionable, this episode helps listeners understand whether their paycheck is actually winning the war against high-interest debt. #Wages #Prices #CreditCardDebt #Inflation #FederalReserve #KevinWarsh #InterestRates #CostOfLiving #PersonalFinance #Economics #WageGrowth #ConsumerDebt #HouseholdBudget #FexingoBusiness #BusinessPodcast #Podcast #FinancialLiteracy #PayRaises Keep every episode free: buymeacoffee.com/fexingo