Hot Wings and Hot Takes: Kitces, Pereira Talk AI and Tech Vendors

Published on June 10, 2026

While downing increasingly spicier wings, Michael Kitces and Jason Pereira questioned the assumptions that AI's efficiency promises would balloon the number of advised clients.

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Inside the Consumer Price Index: May 2026

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Inflation affects everything from grocery bills to rent, making the Consumer Price Index (CPI) one of the most closely watched economic indicators. The Bureau of Labor Statistics (BLS) tracks this by categorizing spending into eight categories, each weighted by its relative importance.

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This series has been updated to include the March release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $54,604, down 6.1% from over 50 years ago.