In a statement, Sen. Elizabeth Warren, ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, urged Congress to provide relief for households facing higher prices and declining real wages. She cited a 6.3% increase in prices since December 2024, putting the average cost of inflation at USD 4,182 per family. The statement pointed to higher household spending on gasoline, groceries and housing in September, alongside seven consecutive months without real wage growth.
US Senate Committee on Banking, Housing and Urban Affairs ranking member Elizabeth Warren urges Congress to address rising household costs
Sen. Elizabeth Warren, ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, called for congressional action to ease household costs. She cited prices rising 6.3% since December 2024, an average inflation cost of USD 4,182 per family and seven consecutive months without real wage growth.