Affordability index in economics and finance

Hello everyone! In the realm of economics and finance, the concept of affordability plays a pivotal role. It goes beyond the simple notion of being able to purchase something. Affordability is a multifaceted metric that takes into account various factors, such as income, expenses, and the overall economic landscape. Today, we'll be focusing on the affordability index, a tool that helps us gauge the affordability of goods, services, and even housing. Let's dive in!