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Thats the idea behind the emerging concept of an Affordability Czar that administration officials recently proposed.
Heres a look at whatTrumps White House plans for an Affordability Czar could mean for your wallet.
What Is an Affordability Czar?
While there isnt an official job description for an Affordability Czar, it would most likely be high-level.
U.S. Treasury Secretary Scott Bessent introduced the idea during an interview with CBS News.
Why Now?
The idea is gaining traction amid mounting frustration.
In addition, 76% of survey participants said their income isnt keeping up with inflation.
Appointing an Affordability Czar could signal to the nation that the government takes cost-of-living concerns seriously.
This way, struggling Americans would have access to more financial resources to improve and make financial progress.
What Would an Affordability Czar Do?
Czars arent new in American politics.
This experimental role could potentially impact housing, wages, or inflation policies in several ways, Razon said.
For instance, the Czar could implement a rent control policy and create incentives for affordable housing.
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