While inflation has dominated headlines in recent years, understanding true economic affordability requires looking beyond raw price tags. In this episode of The Economist Next Door, we dive into the gap between headline inflation numbers, consumer perception, and real purchasing power. Joined by economists @anne_r_bradley (The Fund for American Studies / Institute for World Politics) and @peter_c_earle (AIER), the discussion reframes how we measure well-being, considering the actual labor hours required to purchase everyday goods. The group explores why humanity enjoys unprecedented long-term abundance, while consumers simultaneously feel intense pressure in housing, healthcare, transportation, and food.