Households are seeing relief at the pump, with gas prices at multi-year lows, and some grocery categories, especially non-meat items, are rising more slowly. Tax cuts for working-class families will take effect next year, boosting take-home pay. Despite this momentum, many Americans remain frustrated, and it’s showing up politically: in Miami, the mayoral office flipped blue for the first time in nearly 30 years, with voters citing concerns over the GOP’s handling of the affordability crisis. Dale Smothers, President and CEO of RDS Wealth Management, joins Alicia Summers to weigh in on the economic outlook.
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