Anatomy of an Affordability Crisis: How We Got Here
· Texas Border Business
In recent years, living costs have surged faster than wages, leading to a significant affordability crisis for many Americans. This issue intensified post-pandemic as consumer demand spiked while supply chains were disrupted, resulting in inflation rates reaching around 9%. Although inflation has since moderated to about 3% due to monetary policy and supply chain improvements, prices remain high. Additional factors, such as tariffs on goods, worker shortages in key sectors, and rising energy costs, have further strained affordability, particularly in Texas, where the cost of living is slightly below the national average but still challenging for low-wage workers.
AI summary · Source: Texas Border Business →
