"The affordability crisis has become a nightmare for millions of Americans who can't make ends meet because grocery bills are prohibitive, because they cannot afford a home, because school fees for their children are overwhelming, or simply because they can't indulge themselves. It is, moreover, a political issue that runs across U.S. politics, from California to New York, and also through Washington."
"In an attempt to alleviate rising food prices, the White House signed trade agreements last week to reduce tariffs on certain food items, including coffee, bananas, and beef. But economists don't believe it will be enough. We estimate that the reduction in overall inflation would be minimal at best, explains Bernard Yaros, head of economic analysis at Oxford Economics. The cost of living is the top concern for nearly half of Americans (47%), according to a CNN poll published a week ago."
The affordability crisis has left millions unable to cover grocery bills, housing costs, school fees, or modest personal expenses. The White House signed trade agreements to reduce tariffs on certain food items, including coffee, bananas, and beef. Economists, including Bernard Yaros of Oxford Economics, estimate the resulting reduction in overall inflation would be minimal. The cost of living is the top concern for nearly half of Americans (47%) per a CNN poll. Newly elected officials campaigned on affordability measures such as rent freezes, free public transit, and public supermarkets. Former President Trump initially dismissed the crisis and declined substantial engagement.
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