Depending on the interpretation, making America affordable again, as pledged in the 2024 Republican Party platform, could be seen as either something that has already happened or a misguided idea.
Surveys show a sharp fall in inflation expectations among Americans, aligning roughly with levels seen in 2018-19, indicating that the perception of inflation decreasing is more accurate than believed.
Despite a recent inflation spike, the surge in wages has kept pace with rising consumer prices, making America more affordable in terms of the normalized standard of comparing prices to income.
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