Category: Food prices
If voters don’t feel relief, the economy isn’t fixed
The concerns of many Americans about their economic well-being may be at the highest level since the Great Depression. Politico recently reported that 46% of Americans say their cost of living is the worst that they can remember, including over one-third of Trump voters. Nothing better exemplifies this than the many “30-somethings” who are unable to purchase a home.
Financial anxieties center around affordability, which is the proxy for evaluating whether the economy is meeting the public’s needs. Affordability is the degree to which households can responsibly pay for essential goods and services.
In the end, the nation’s affordability dilemma is about the confidence people have in the country’s economic future.
Gregg Ip, an economic commentator for the Wall Street Journal, says that affordability cannot be measured solely by economic data, but must also account for perceptions of financial security.
President Trump opined that concerns about affordability are a “hoax” created by Democrats for political purposes. Most Americans would disagree. While the runaway inflation of the Biden presidency has moderated, widespread concerns about affordability persist. According to a recent Politico poll, nearly half of the nation found the cost of their groceries, health care, utilities, and housing to be unaffordable. About half of the respondents said food costs are difficult to manage, and more than a quarter skipped medical appointments because of the cost.
In the 2026 midterm elections, it will be incumbent upon Republicans and Democrats to make an affordability agenda “job one.” These agendas should be the yardstick voters use to cast their vote for members of Congress and state officials.
The U.S. affordability crisis is multidimensional, requiring a dual-track strategy that combines structural reforms with immediate and affordable relief for the most vulnerable citizens. Each party’s affordability agenda should demonstrate when households will realize cost-of-living relief, avoid another round of inflation, provide market incentives for innovation, supply expansion and productivity gains, demonstrate distributional fairness, and stress choice over federal mandates.
Restoring an affordable economy will require that failed federal policies be reversed and the president and Congress focus on fixing long-term root causes.
To make goods and services more affordable, public policies should aim at increasing private-sector housing construction, modernizing domestic energy regulations, expanding production, encouraging competition in the health care insurance market, avoiding deficit spending that can rekindle inflation, rolling back regulations that increase consumer and business expenses, and devolving social and educational programs to the states to tailor taxpayer-friendly solutions to local challenges.
The nation’s affordability dilemma is not only about the price of goods and services. It concerns the relationship between costs, income, and the perception of financial security. In the end, it is about the confidence people have in the country’s economic future.
RELATED: All I want for Christmas is for Vivek Ramaswamy to stop embarrassing the GOP
Photo by Jon Cherry/Getty Images
When households and businesses feel “squeezed,” they lose faith that public or private institutions are protecting their interests. A September 2025 poll conducted by the Pew Research Center found that just 17% of Americans trusted the federal government to do the “right thing” most of the time. Similarly, the July 2025 Gallup survey reported that less than 30% of Americans had confidence in U.S. institutions.
The major impediments to addressing the high cost of living are deep ideological divides over causes and solutions. Progressives emphasize government mandates and regulations, subsidies, and deficit spending. Conservatives stress fiscal restraint and market-driven solutions. Adopting common-sense economic reforms requires compromise and the rejection of left and right extremism driven by grievances and rage.
There is no more important issue for voters than which candidates and parties will boldly tackle the affordability challenge. Success will be influenced by policies that encourage business investment and innovation and workers keeping more of their income.
Editor’s note: This article was originally published by RealClearPolitics and made available via RealClearWire.
If conservatives will not defend capitalism, who will?
In the aftermath of Zohran Mamdani’s electoral victory earlier this month, it became clear that socialism is a greater threat on the left than ever before. It is also clear that the GOP could no longer coast along by proclaiming, “Vote for us because he’s a socialist,” assuming that people would forever have a knee-jerk reaction to that word.
One issue that defined New York’s mayoral race — and increasingly politics throughout the country — is affordability. For millions of Americans, affording rent, groceries, health care, and a home seem further out of reach than ever before. The issue has been winked at by politicians across the spectrum for years around election time with precious little results to show for it.
Explaining to voters why they are wrong — or even worse, outright dismissing their concerns — has never worked politically, and that is not going to change now.
We have largely reached a point where this can no longer be avoided: We are now seeing regular releases of ever-worsening economic figures. The median age for all U.S. home buyers is 59 — a staggering statistic by itself, made even worse by the fact that it is up from just 28 back in 1991.
And it is not just that people are getting priced out of home ownership — rents have gone up astronomically over the past decade, leading us to a situation in which the American consumer is clearly struggling to get by. From credit card debt at record highs with seriously delinquent accounts hitting 12%, the highest since 2012, to auto repos matching 2009 levels, it is pretty clear that the consumer is maxed out.
Looking around at how conservative pundits spent the last few weeks talking though, you would not know it at all. You would be forgiven if you thought they had just come off a huge electoral victory. Conservatism simply cannot reduce itself to being the worst caricature of cold elitism that turns a blind eye to the very real economic struggles many in the country are facing.
Ben Shapiro kicked things off after suggesting to young people that they simply should not live in places like New York City, criticizing the idea that someone would deserve to live where they grew up and where job opportunities are heavily concentrated.
That same week, Donald Trump opened a rift within his own base — a rare sight for sure — in an interview with Laura Ingraham over the issue of H-1B visas. When she pushed him on his stance, saying that we have “plenty of talented people here,” he interrupted with, “No you don’t, no you don’t.” Instead of focusing on how to make American workers more competitive through better education or training, the message heard by many was that Americans were not up for the job.
Worst of all may have been Dinesh D’Souza, who felt the need to weigh in on Vivek Ramaswamy’s meritocratic education reform by essentially race-baiting, saying: “How ironic it will be if a brown American like Vivek actually helps to fix education and raise the prospects of white kids, while all the professional whiteys on X continue their idle boasting.” Whatever the merits of education reform, mocking struggling Americans — especially through whatever “professional whiteys” is supposed to mean — is not doing anyone any favors.
With approaches like these from the right, who needs the left anymore? It took Ramaswamy’s opponent in the Ohio gubernatorial race, Amy Acton, all of 24 hours to put together an ad saying that Ramaswamy thinks “Ohioans are lazy and mediocre. He’s wrong.” It practically wrote itself.
Arguments like these from conservatives do more damage to the defense of capitalism than attacks from socialists ever could and are totally disconnected from what free markets actually are. Capitalism has delivered more prosperity than any system in human history, and it is not even close — but it did not get there by running on the platform of saying, “You’re too poor to live where you grew up, our country isn’t talented, move aside.”
New York City is famous throughout the world because it is the city where generation after generation of people who wanted to work hard could go and make something of themselves. Nobody I have seen on the right is asking for a luxury life handed to them on a silver spoon while they sit on the couch. They are frustrated by the fact that the world seems to be increasingly out of reach for them.
The only person in the GOP who seems to be able to see this, I’m horrified to say, appears to be Rep. Marjorie Taylor Greene (Ga.), who spent the last few weeks getting attacked for acknowledging that many “young adults are barely making it” and accusing Trump’s allies of gaslighting Americans about the cost of living. On Saturday, she posted on X: “My heart is with Americans who struggle to afford life in America today.”
To her credit, she has been consistent in prioritizing cost-of-living issues — something that has become far too rare in the GOP since Donald Trump took office. She has taken the lead in warning that health insurance premiums would double for millions of Americans — including her own adult children — when enhanced Affordable Care Act subsidies expire, while Republican leadership has largely sidestepped the problem.
RELATED: Mamdani sells socialism — and Republicans peddle the Temu version
Photo by Michael M. Santiago/Getty Images
We on the right have long embraced a tougher-love approach that certainly includes prioritizing a strong work ethic, and nobody needs to give that up. But that is not the issue here at all — Ben Shapiro’s comments are not directed at people who do not want to work; they are directed at and felt by those who do work and still cannot afford many basic things that previous generations took for granted.
Explaining to voters why they are wrong — or even worse, outright dismissing their concerns — has never worked politically, and that is not going to change now. Support for capitalism has now fallen to 54% overall, with Democrats preferring socialism 66% to 42%.
Peter Thiel’s now-viral email from 2020 captures exactly what is underlying this shift:
From the perspective of a broken generational compact … when one has too much student debt or if housing is too unaffordable, then one will have negative capital for a long time … if one has no stake in the capitalist system, then one may well turn against it.
He was right then, and he is right now. The only thing left to be seen is whether the right will wake up to that reality before it is too late.
If this month’s performance is any indication, I am not holding my breath.
Editor’s note: This article was originally published by RealClearPolitics and made available via RealClearWire.
