The big inflation cost most people aren’t paying

The big inflation cost most people aren’t paying
https://finance.yahoo.com/news/the-big-inflation-cost-most-people-arent-paying-142259592.html

Summary

Certainly! Here are the key takeaways from the article on inflation and owners' equivalent rent (OER):

• OER Explained: Owners' equivalent rent (OER) measures what homeowners could hypothetically charge to rent their own properties[^1^][1]. It's a significant component of inflation.
• Distorted Perception: Most Americans don't rent their homes, so OER can distort how people perceive inflation.
• Inflation Impact: OER accounts for over a fourth of the Consumer Price Index (CPI) and has stayed high even as overall inflation cools[^2^][2].
• Homeownership Rates: Nearly 40% of homeowners in the US don't have a mortgage payment, contributing to the nation's high homeownership rate.