Janet Yellen: It’s still too hard to be a working parent in America | CNN Business
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In a major speech set to be delivered Thursday in Chicago, Treasury Secretary Janet Yellen plans to detail her vision for helping middle-class families overcome affordability challenges, according to excerpts shared first with CNN.

In a major speech set to be delivered Thursday in Chicago, Treasury Secretary Janet Yellen plans to detail her vision for helping middle-class families overcome affordability challenges, according to excerpts shared first with CNN.

“Our economic agenda is far from finished. There’s much more the President and I would like to do to support the middle class,” Yellen plans to say during the speech at the Economic Club of Chicago.

Treasury officials have billed the speech as one of the most significant Yellen plans to deliver this year and an effort to set the tone for her domestic agenda during 2024.

Yellen plans to balance the Biden administration taking credit for the economic recovery from Covid-19 with acknowledging that many Americans are frustrated with how expensive it is to buy a house, raise children and save money for college.

  • @[email protected]
    11•8 months ago

    “Costs are still high,” Biden said, “but inflation continues to fall, and mortgage rates are falling — they’re going to fall more.”

    According to the US Department of Housing and Urban Development, in 2019 there were 43.6 million rent-based households in America. I tried looking up the percentage but it was all over the place depending on the source, my point is mortgages are a poor indicator when rent is through the roof and actively keep first time home buyers from saving a down payment.