At local time on January 20, US Treasury Secretary Scott Kenneth Homer Bessent held a public event at the World Economic Forum Annual Meeting.
According to reports from Yuyuantantian, when asked by a journalist about the phenomenon of "ALICE line," Bessent pointed fingers at the Biden administration.
Bessent stated that during the Biden administration, the most concerning issues for low-income families, such as food, groceries, and rent, have increased by 35% to 37%. "We are working every day to get those costs down."
"If we look back at President Trump's first term, hourly workers did better than supervisory workers," he said, "I believe that the households that you're describing there will be receiving substantial tax refunds."
The internet buzzword "ALICE line" describes the vulnerable living conditions of some Americans today: a sudden illness or an overdue rent payment can undermine their financial stability, triggering a chain reaction that plunges them into an irreversible survival crisis.
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