Joint Economic Committee Examines Impact on Families of Current Econoimc Coniditons

July 23, 2008

U.S. Senator Charles E. Schumer, Chairman of the Joint Economic Committee (JEC) held a hearing in order to examine the serious impact of rising household costs and stagnant wages in a slumping economy. The hearing entitled, “How Much More Can American Families Be Squeezed By Stagnant Wages, Skyrocketing Household Costs, And Falling Home Prices?” As the American family continues to suffer from slow wage growth and rising household costs in the declining economy, the JEC invited leading experts to discuss the stranglehold these conditions place on middle class households and examine troubling data found in a new report measuring the economic, education, and health well-being of Americans.

Opening Statements:

Witness Statements:


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.