How bad is America’s affordability crisis? With Mechele Dickerson

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• 00:00

  Trump has called it a hoax, a con job.

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  The US president has even claimed there is no such thing as an affordability crisis in the US.

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  Before Christmas, he told a rally that prices were coming down tremendously.

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  His supporters cheered, but many ordinary Americans didn't.

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  While the price of some goods such as gas and eggs has fallen since Trump returned to office,

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  many essentials such as healthcare have continued to rise.

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  All this, as Trump's big, beautiful bill,

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  delivers tax cuts that will disproportionately benefit the richest Americans.

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  So, have US politicians abandoned the middle class?

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  This is the Economic Show from the Financial Times.

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  I'm Claire Jones, the FT's US Economics Editor.

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  And today, I'm joined by Michelle Dickerson, a law professor at the University of Texas.

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  Her research interests include financial vulnerability,

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  consumer debt, and the affordability of housing.

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  She covers all these topics in her newly released book,

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  The Middle Class New Deal, restoring upward mobility and the American dream.

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  We're going to discuss how America's middle class dream term bad and how it can be fixed.

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  Michelle, welcome to the show.

• 01:22

  I'm glad to be here.

• 01:23

  Thanks for having me.

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