Various economic factors don’t seem to add up these days. Consumer spending is up year over year, but the country’s gross domestic product fell during the first quarter. Home values are higher than ever in many cities across, but 401k balances are taking a hit from stock market declines. Wages are finally inching up for some workers, but inflation is taking a bite out of purchasing power.
Sonja Diaz, founding director of the Latino Policy & Politics Initiative, Luskin School of Public Affairs at the University of California, Los Angeles.