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Previously unaffordable driving lessons and haircuts transform their confidence and opportunities in the job market.
The last few years have seen a number of projects designed to make computer technology accessible to large numbers of Brazilians for whom it was previously unaffordable.
As was the case through 2007, lower interest rates and new mortgage products allowed more households to purchase homes that were previously unaffordable; rising home prices generated handsome wealth gains for those households; and more-efficient refinancing opportunities allowed households to realize their gains, fueling consumer demand and general economic growth.
When low-wage workers get a raise, they are more likely to spend it on previously unaffordable basic services or necessities.
Democratization of products brought with it new hopes for millions of Americans to own homes for the first time, send their kids to previously unaffordable colleges, and buy shiny new things on credit that they had always wanted but couldn't afford.
At the same time, adopting such pricing can increase consumer welfare by bringing previously unaffordable products within reach.
Similar(53)
But public disenchantment is an even bigger threat to the success of the reforms, which rely on mass participation to reduce costs for less healthy patients who previously faced unaffordable premiums for pre-existing conditions.
As William H. Frey, a demographer at the Brookings Institution, put it: "Many would-be movers were stranded in states previously thought of as unaffordable".
Auckland, previously the fifth most unaffordable city in the world, has jumped up the ranks to fourth.
Why, after all, should uninsured people be forced to buy unaffordable coverage, but not the previously insured?
Villaraigosa previously accused Newsom of selling "snake oil" by advocating for an unaffordable program, while Newsom has implied that Villaraigosa lacks the political courage to tackle the vexing problem of healthcare.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com