The US affordability crisis has taken center stage as Americans struggle with the rising costs of living, and many are starting to feel the pinch. The reality is stark: there's simply no wiggle room left in most people's budgets. A recent survey found that consumer sentiment on this issue has plummeted to near-record lows.
For those who can't afford basic luxuries like frozen dinners or fancy cheeses, even small indulgences have become a distant memory. Cat Hill, a 43-year-old horse stable owner from New York, is among them. She's shouldering the burden of rising costs for both her business and household expenses, making it increasingly difficult to make ends meet.
The US economy has been grappling with issues like tariffs, high housing costs, childcare expenses, education fees, and healthcare costs. While politicians have made promises to address these concerns, many are starting to feel that no one is taking concrete action to alleviate the burden.
In a recent election campaign, Trump promised voters that he would bring down prices "starting on day one" but quickly changed course after winning office. Instead of delivering on his promise, the administration focused on trade wars and other economic agendas that have left Americans feeling financially strapped.
The impact is evident in rising grocery costs. In 2022, meats, poultry, and fish saw a 4.5% increase, while non-alcoholic beverages rose by 2.8%. These numbers are a stark contrast to the pre-pandemic era when prices were relatively stable.
Meanwhile, Trump has resorted to boasting about his economic achievements, claiming that Thanksgiving costs have decreased by 25% under his watch. However, this assertion is nothing more than a PR stunt designed to placate his base and obscure the real issues at hand.
Despite acknowledging some fluctuations in consumer costs, Trump seems hesitant to confront the elephant in the room – the inherent issue with his economic policies. He's now attempting to deflect blame onto his predecessor, Joe Biden, saying that inflation is a "transitory" problem that will soon disappear.
However, experts like Jared Bernstein argue that this approach is not only dishonest but also ineffective. Bernstein believes Trump relies on an unjustified faith in his ability to control public perception and obscure reality. It's a strategy that won't work when it comes to affordability, as Americans can see through the facade and demand concrete solutions from their leaders.
As Thanksgiving approaches, Americans are likely to be feeling the pinch of rising costs even more intensely. With inflation rates expected to remain elevated, many will be forced to make painful choices between essential expenses and discretionary spending.
Trump's continued efforts to downplay the issue or deflect blame have reinforced the perception that his administration has lost touch with the American people. It remains to be seen whether he can recover from this narrative deficit before the next election.
For those who can't afford basic luxuries like frozen dinners or fancy cheeses, even small indulgences have become a distant memory. Cat Hill, a 43-year-old horse stable owner from New York, is among them. She's shouldering the burden of rising costs for both her business and household expenses, making it increasingly difficult to make ends meet.
The US economy has been grappling with issues like tariffs, high housing costs, childcare expenses, education fees, and healthcare costs. While politicians have made promises to address these concerns, many are starting to feel that no one is taking concrete action to alleviate the burden.
In a recent election campaign, Trump promised voters that he would bring down prices "starting on day one" but quickly changed course after winning office. Instead of delivering on his promise, the administration focused on trade wars and other economic agendas that have left Americans feeling financially strapped.
The impact is evident in rising grocery costs. In 2022, meats, poultry, and fish saw a 4.5% increase, while non-alcoholic beverages rose by 2.8%. These numbers are a stark contrast to the pre-pandemic era when prices were relatively stable.
Meanwhile, Trump has resorted to boasting about his economic achievements, claiming that Thanksgiving costs have decreased by 25% under his watch. However, this assertion is nothing more than a PR stunt designed to placate his base and obscure the real issues at hand.
Despite acknowledging some fluctuations in consumer costs, Trump seems hesitant to confront the elephant in the room – the inherent issue with his economic policies. He's now attempting to deflect blame onto his predecessor, Joe Biden, saying that inflation is a "transitory" problem that will soon disappear.
However, experts like Jared Bernstein argue that this approach is not only dishonest but also ineffective. Bernstein believes Trump relies on an unjustified faith in his ability to control public perception and obscure reality. It's a strategy that won't work when it comes to affordability, as Americans can see through the facade and demand concrete solutions from their leaders.
As Thanksgiving approaches, Americans are likely to be feeling the pinch of rising costs even more intensely. With inflation rates expected to remain elevated, many will be forced to make painful choices between essential expenses and discretionary spending.
Trump's continued efforts to downplay the issue or deflect blame have reinforced the perception that his administration has lost touch with the American people. It remains to be seen whether he can recover from this narrative deficit before the next election.