Affordability Crisis Becomes Trump's Midterm Political Liability

• America's affordability crisis is a political challenge for Trump, exposing a K-shaped economy where the rich thrive while others struggle with rising costs.
• Lower-income Americans face slowing wage growth and increased essential expenses (groceries, childcare, rent) that outpace their earnings.
• Corporate earnings show reduced spending from households earning under $100,000, indicating widespread financial strain.
• The administration's economic policies are failing to convince voters, and the cost of living issue is impacting Republican performance in elections.
• Upcoming legislative changes, including tax cuts and reduced social program support, are projected to further disadvantage lower-income households.

Why It Matters: Economic disparities are causing political headaches for the current administration.