Economic security is not a partisan goal. It is a shared responsibility. Last night’s State of the Union outlined priorities aimed at strengthening the economy and addressing affordability. Congress now has a clear opportunity to translate those priorities into action that delivers measurable relief for families facing sustained affordability pressures. Every family deserves a real path to economic security, and progress should be measured by whether those policies produce durable gains in household financial stability.  

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Recent labor market data show steady employment conditions, though hiring has moderated and wage growth remains gradual. Affordability remains a defining economic issue for families, as rising costs across housing, healthcare, childcare, transportation, and other essentials continue to strain household budgets. Economic progress is meaningful when income growth keeps pace with these expenses and creates room to build savings, reduce financial stress, and plan for the future.

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Housing is one of the largest and most consequential expenses in a household budget. Lasting affordability cannot be achieved through rate changes alone. It requires addressing supply constraints, modernizing financing structures, and ensuring access to sustainable mortgage products and ownership pathways that allow families to build and sustain equity over time.

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Research shows that children with savings in their name from an early age are more likely to pursue higher education and achieve long-term financial stability. Account-based tools, including newly established Section 530A (Trump Accounts), have the potential to expand asset building from birth when designed for broad access, simple enrollment, and sustained participation. Eligibility rules, contribution structures, and integration with the tax system will determine whether these tools meaningfully expand savings opportunities for families.

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Tax policy also plays a critical role in household financial security. Refundable credits and other tax-based supports can provide meaningful resources when families are able to access them efficiently. Volunteer Income Tax Assistance (VITA) centers help ensure eligible households receive the credits for which they qualify and strengthen participation in the tax system.

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The opportunity now lies in implementation. The proposals outlined will require sustained legislative attention and practical follow-through to ensure they translate into tangible improvements in household financial stability. With a limited legislative calendar ahead, collaboration and execution will determine whether these ideas move from an announcement to measurable results for families and small businesses.  

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Prosperity Now will continue advancing practical, data-driven solutions that expand access to ownership, strengthen savings infrastructure, and translate national economic gains into durable household financial stability.  

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