NEWS: New GAO Report Finds Pandemic Assistance Helped Reduce Credit Card Debt for America's Working Class for First Time in Over a Decade

Press Release

"This GAO report is a reminder that investing in workers and families is not just morally right, it's also good for our economy. We know that legislation passed during the depths of the pandemic recession enabled our economy to bounce back faster and stronger than predicted because these investments kept families afloat and improved their financial well-being. We can invest in creating an economy that works for the many and not just the wealthy few, and we can ensure that people keep more of their money -- so less lines the pockets of corporate debt servicers -- by placing reasonable caps on consumer interest rates, as so many states have tried to do."

Source