Jessica Rett

Jessica Rett, a linguist at UCLA, delves into the definition of 'affordability' and its implications in economic discourse. Economists Abdullah Al-Burrani and Mihaly Pintia share insights on how affordability is perceived across different households, emphasizing personal experiences amid rising costs of essentials like groceries and medical care. They discuss the tension between quantitative measures and individual feelings of financial strain, making the concept of affordability both a statistical and a personal matter.

Jessica Rett, a linguist at UCLA, delves into the term 'affordability,' highlighting its subjective nature compared to the broader term 'economy.' Kristen Schwab discusses recent retail sales trends, noting consumer fatigue ahead of the holidays. Abdullah Al-Burrani, an economist, emphasizes the rising costs of essentials like groceries and housing, contrasting them with stagnant incomes. Together, they tackle how personal experiences shape perceptions of affordability, making it a crucial yet elusive economic issue.