Biden Says Most Families Have More Money in Their Pockets

The video discusses the significant decline in the U.S. unemployment rate to 4.2%, marking the sharpest one-year drop in history. It highlights wage increases for various sectors, particularly for black and Hispanic workers. The American Rescue Plan has contributed to economic growth, tax cuts, and a reduction in child poverty. The U.S. economy and household incomes are stronger than pre-pandemic levels, with a notable rise in small business applications. The unemployment rate has decreased by over two percentage points since the current administration took office, setting a record for the fastest decline in a single year.

What was the unemployment rate mentioned in the video?

• 4.5%

• 3.8%

• 4.2%

• 5.0%

Which group of workers saw a 13% increase in wages?

• Transportation workers

• Retail workers

• Warehouse workers

• Hotel and restaurant workers

What is one of the benefits of the American Rescue Plan mentioned?

• Increased unemployment benefits

• Significant tax cuts for families

• Reduced interest rates

• Free healthcare for all

By what percentage have applications for new small businesses increased?

• 20%

• 25%

• 30%

• 35%

How much has child poverty been reduced according to the video?

• 30%

• 40%

• 60%

• 50%