Who could afford the radio in 1920?

In 1920, the radio was primarily affordable to middle and upper-class households. The initial cost of radiOS, which included both the set and necessary components like batteries, made them a luxury item. As radio technology evolved and production increased, prices gradually decreased, allowing a broader segment of the population to access this new form of entertainment and information. However, widespread ownership didn't occur until the mid-1920s when prices dropped significantly.