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“As our nation continues to recover from the pandemic, this budget proposal outlines significant investments aimed at addressing a range of national challenges," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“The Biden Administration has put forward thoughtful proposals aimed at creating jobs for working- and middle-class families, increasing our global competitiveness, and addressing important national priorities like infrastructure, climate change, and racial equity," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Debt levels have risen in many sectors of the economy.
Today's young adults are more likely to have student debt than their historical peers.
The U.S. personal saving rate increased drastically in 2020.
The U.S. national saving rate has declined significantly since the mid-1960s.
Despite recent declines, U.S. household debt is still very high relative to disposable income.
New $1 million research initiative will help inform and improve pandemic relief and recovery policies.
Millennial households have relatively few assets.