Definition

The degree to which something can be bought or paid for without causing financial strain.

Example

The affordability of housing in the city has become a major concern for residents.

Conversation

Have you noticed the affordability of groceries lately?

Yeah, it's becoming a real challenge for everyone.

I wonder if prices will ever go down or if this is the new normal for affordability.

I hope they do, but I guess we just have to adapt for now.

Synonyms & Antonyms

Root Explanation

Affordability is formed from "afford" (from Old English "forðian", meaning to provide or to give) and the suffix "-ability" (meaning the quality of being able to). The word "affordability" refers to the quality of being able to provide or give something, particularly in terms of financial means.

Memory Tip

Think of 'providing' ('afford') something and the quality of being 'able' ('-ability') to do so — that's what affordability means.

Visually Confused Words