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> median household income is increasing the fastest it has in 80 years even adjusting for inflation

I am not sure about that, inflation was quite high during 2022-2023 and prices didn't go down. It is true that inflation is down right now - as this is an election year; however you still have to pay for current prices with what you get as your current salary.

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Psychologically, if prices go up, you think "oh no, inflation!" but when your wages rise concomitantly, you think "I worked hard; I deserve this raise for my great performance"

People think about prices in terms of macroeconomic factors, but their own income as the result of individual factors.

not sure that everyone is getting a raise this year.

After a layoff, I'm making less in nominal terms (forget real terms) than I did in 2020. That said, I'm in a much happier position (sadly I think only for the time being) than I was after escaping a private-equity-created misery factory, so that's a plus at least.

^ Case in point: you discuss only your individual situation, not a word of this is about the macroeconomic environment driving your employers' decisions.

Oh, I think Private Equity is quite in control of a large portion of the macro economy, much to the horror of American workers.

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