The Indicator from Planet Money 50-year mortgages, falling real wages, and doing your rideshare due diligence
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Nov 14, 2025 
Keith Romer, a guest contributor known for his practical economic insights, dives into crucial topics like the reality of falling real wages and the controversial 50-year mortgages proposed under the Trump administration. He stresses how these long-term loans could lead to significantly higher overall costs. Additionally, Romer highlights the hidden expenses of rideshare services, revealing that New York riders could save $300 million annually simply by comparing Uber and Lyft prices. A must-listen for savvy consumers!
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Wage Gains Are Unevenly Distributed
- Low- and middle-income households saw wage declines after inflation, while high-income earners gained slightly.
- This divergence creates a K-shaped recovery that masks hardship for most people.
Aggregate Indicators Mask Income Strain
- The economy looks strong in aggregate because high earners drive spending and market gains.
- That masks falling real wages for lower earners and rising economic insecurity.
Calculate Lifetime Costs Before Choosing 50-Year Loans
- A 50-year mortgage lowers monthly payments but dramatically increases total interest paid.
- Calculate lifetime costs before accepting longer-term mortgages to avoid paying hundreds of thousands more.