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Richard Neal: “The savings rate for American has dropped to 2.6% cut in…”

Featuring: Richard Neal, Democratic | U.S. House Massachusetts, 1st Congressional District

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WATCH: Rep. Neal makes opening statement in Bessent budget hearing

Published | Video Starts at 05:10

77% say the policies have increased the cost of living and more than half say it's worse than they can previously remember. Consumer sentiment is currently at a record low. The savings rate for American has dropped to 2.6% cut in half in just a year. When we look at this economy, we see failure upon failure. The policies that have been proposed have really not worked for average Americans. (05:10–05:15)

CLAIM

Asserts that the American savings rate has dropped to 2.6%, halving in a year.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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