Category: Cost of Living and Affordability

U.S. Mortgage Rates Fall Below 6% for First Time in Years

The New York Times – Business:
The evidence is patchy on whether lower rates have meaningfully spurred more activity, as the Trump administration floats measures it says will make housing more affordable.
New A.C.A. Plans Could Increase Family Deductibles to $31,000

The New York Times – Business:
The Trump administration is proposing Obamacare plans that it says will lower health insurance premiums. But critics warn they would make care unaffordable.
Home Depot Says Homeowners Are Weary From Economic Pressures

The New York Times – Business:
Sales fell at the home-improvement retailer, as homeowners shied away from big-ticket home improvement projects amid worries about housing costs and the job market.
Flexibility and Rising Costs Are Keeping Mothers at Work

The New York Times – Business:
Labor force participation for women with small children continues to float above prepandemic levels, thanks to flexible work setups — and rising costs.
As Trump Heads to Iowa to Trumpet Economy, Many Residents Feel Pain

Farmers are critical to Iowa’s economy. They have been battered by President Trump’s tariffs and are not yet experiencing the “golden age” that the president promised.
Trump Calls for 10 Percent Credit Card Interest Cap, After Killing Other Fee Limits

The president revived a campaign promise he has not actively pursued since taking office.
Minimum Wage Rises in Some States as Workers Struggle with Basic Costs

This year, for the first time, more Americans will earn a minimum wage of $15 per hour or higher than will earn the federal minimum of $7.25 per hour.
Cheap Solar Is Transforming Lives and Economies Across Africa

Chinese panels are now so affordable that businesses and families are snapping them up, slashing their bills and challenging utilities.
U.S. Economic Growth Surged in Third Quarter of 2025

Gross domestic product grew at a 4.3 percent annual rate, faster than the previous three months.
Why the Affordability Crisis Is Likely to Stalk Trump

The president promoted his economic accomplishments in a defiant address. But some voters are feeling the pinch of stubborn inflation and a cooling labor market.
Heating Costs Expected to Rise 9.2% This Winter

Colder weather and rising electricity and fuel costs will lead to a big jump in costs for individuals, according to estimates from a group representing state energy officials.
Trump Doesn’t Want to Talk About Affordability. Democrats Say That’s a Gift.

The president continues to brush off an issue that he said he would solve in his first months in office. Some Democrats say he is making the same mistake as his predecessor.