The affordability crisis broke the American Dream

The American Dream is broken

The promise that hard work brings economic security is no longer true. America is much less affordable than it was generations ago for housing, food and basic needs.

McDonald's meal shows the shift

A family meal at McDonald's cost three hours of minimum wage work in nineteen fifty-five. Today it costs nearly an entire eight-hour work day.

Homes are far less affordable

Buying a home is less than half as affordable for the average family today compared to nineteen sixty. The gap between income and housing costs has widened dramatically.

Affordability means more than price

Affordability describes the gap between what things cost and what you can afford. It also captures gaps between rich and poor, economists and everyday people, and promises versus reality.

It's the top election issue

Americans are frustrated over high food prices, unaffordable housing, stagnant wages and declining public services. Affordability concerns are the top issue in this year's midterm election.

The K-shaped economy metaphor

The most common metaphor for today's economy is the letter K, showing how the rich get richer and the poor get poorer.The U.S.

“the rich get richer and the poor get poorer”

The language gap widens

Economists speak of national economic indicators and stock market gains. Ordinary Americans worry about bills, rent, utilities, side hustles, buy now pay later, food banks and payday loans.

Everything costs too much

Rent is too high, but so is healthcare, childcare, groceries, gas and utilities. Americans have no choice but to pay, charge credit cards or buy now pay later.

“The rent is too damn high”

A crisis of broken trust

American political leaders have promised repeatedly to make America more affordable, but things have steadily gotten worse. The affordability crisis has fueled outrage, instability and extremism.

An existential threat to America

Many Americans feel left behind and fear the nation's best days are behind us. The affordability crisis is not just about personal finances. It is a national crisis of broken trust.