Making America Affordable Again - A New Generation of Fiscal Rules
- Barry Poulson
- 4 days ago
- 1 min read
Across the nation, government and business leaders are engaged in an ongoing effort to stimulate economic recovery and growth. This should result in bringing prices down and thereby increasing the affordability of the costs of living and doing business. While the current annual inflation rate for the 12 months ending in November 2025 is down to 2.74% -- down from 3.0% in September, it is still above the 2 percent target inflation rate set by the Federal Reserve. Inflation is ubiquitous, impacting virtually all the goods and services that citizens buy, and it takes time in the face of such ubiquity to bring it down.
One of the most important “affordability” challenges that citizens face is the rising cost of housing. Home prices have increased more rapidly than inflation and homeowners now face sharpy higher property taxes. The cost of home ownership has also increased due to higher costs for insurance, utilities, home maintenance, etc. President Trump promised to push hard for lower mortgage rates, but mortgage rates are still stuck above 6 percent. Inflation is simply pricing many citizens out of the housing market and for many citizens, especially younger generations, the dream of home ownership is disappearing – or at the very least delayed. Keep reading the white paper - Click to download:
