{
  "id": "2026-q2",
  "indexName": "Aspire Index",
  "quarter": "Launch print · June 2026",
  "publishDate": "2026-06-12",
  "methodologyVersion": "0.95",
  "dataVintage": "2026-06-10",
  "headline": {
    "label": "Starter home",
    "value": 2.96,
    "unit": "work-years",
    "asOf": "2026-04 ZHVI / 2026-05 AHETPI",
    "deltaYearAgo": -0.05,
    "deltaSentence": "Down 0.05 work-years from a year ago.",
    "assumptionNote": "At these assumptions: national bottom-tier ZHVI ($198,648.86, 2026-04) divided by AHETPI ($32.31, 2026-05), using 2,080 hours per work-year.",
    "manifestKeys": [
      "AHETPI",
      "ZHVI_BOTTOM_TIER"
    ]
  },
  "components": [
    {
      "key": "starter-home",
      "name": "Starter home",
      "status": "core",
      "currentHours": 6148,
      "currentWorkYears": 2.96,
      "deltaYearAgo": -0.05,
      "direction": "down",
      "source": "Zillow ZHVI bottom tier, national; BLS AHETPI wage denominator",
      "asOf": "2026-06-10",
      "methodology": "Full acquisition price divided by average hourly earnings.",
      "manifestKeys": [
        "AHETPI",
        "ZHVI_BOTTOM_TIER"
      ]
    },
    {
      "key": "college-net-public",
      "name": "Four years of college (net)",
      "status": "core",
      "valueStatus": "pending",
      "pendingLabel": "CP-9 pipeline pending",
      "source": "No source-stamped value rendered until the CP-9 net tuition pipeline exists.",
      "asOf": "2026-06-10",
      "methodology": "Four years of in-state public net tuition and fees divided by average hourly earnings after constant-dollar back-conversion."
    },
    {
      "key": "childcare",
      "name": "Childcare",
      "status": "satellite",
      "valueStatus": "pending",
      "pendingLabel": "coming at print #2",
      "source": "No source-stamped value rendered until the childcare satellite pipeline exists.",
      "asOf": "2026-06-10",
      "methodology": "Satellite series pending annual review; not included in the core composite."
    },
    {
      "key": "financial-independence",
      "name": "The price of financial independence",
      "status": "satellite",
      "valueStatus": "pending",
      "pendingLabel": "coming at print #2",
      "source": "No source-stamped value rendered until the financial-independence satellite pipeline exists.",
      "asOf": "2026-06-10",
      "methodology": "Satellite series for a fixed increment of inflation-protected lifetime income; not included in the core composite."
    }
  ],
  "series": {
    "homeInHours": [
      {
        "quarter": "2000 Q1",
        "hours": 4296,
        "workYears": 2.07
      },
      {
        "quarter": "2004 Q1",
        "hours": 5050,
        "workYears": 2.43
      },
      {
        "quarter": "2008 Q1",
        "hours": 5380,
        "workYears": 2.59
      },
      {
        "quarter": "2012 Q1",
        "hours": 3963,
        "workYears": 1.91
      },
      {
        "quarter": "2016 Q1",
        "hours": 4728,
        "workYears": 2.27
      },
      {
        "quarter": "2020 Q1",
        "hours": 5460,
        "workYears": 2.63
      },
      {
        "quarter": "2024 Q1",
        "hours": 6367,
        "workYears": 3.06
      },
      {
        "quarter": "2025 Q2",
        "hours": 6263,
        "workYears": 3.01
      },
      {
        "quarter": "Jun 2026",
        "hours": 6148,
        "workYears": 2.96
      }
    ],
    "composite": [],
    "consumptionContrast": []
  },
  "sourceManifest": [
    {
      "key": "AHETPI",
      "source": "BLS/FRED AHETPI",
      "retrieved": "2026-06-10",
      "scope": "U.S. private production and nonsupervisory hourly earnings",
      "license": "BLS public-domain data via FRED; cite both retrieval paths."
    },
    {
      "key": "ZHVI_BOTTOM_TIER",
      "source": "Zillow ZHVI bottom tier",
      "retrieved": "2026-06-10",
      "scope": "U.S. national bottom-tier home values",
      "license": "Citation-required; raw Zillow columns are not redistributed in this artifact."
    }
  ],
  "note": "Public artifacts contain Aspire-derived hours/work-year series and a source-fetch script path only; constrained raw source columns are excluded."
}