Establishes a true cost of economic security study to measure income and resources needed for families to meet household costs, savings, and debt.

The bill creates a true cost of economic security study to determine how much income and resources are needed for a family of a given composition in a given geographic location to adequately meet a comprehensive set of regular household costs, set aside savings for future planning and short-term emergencies, and manage debt. The study will account for income from labor earnings, government social insurance programs, tax credits, and employer-provided health care contributions.

Establishes a true cost of economic security study to measure income and resources needed for families to meet household costs, savings, and debt.

The bill creates a true cost of economic security study to determine how much income and resources are needed for a family of a given composition in a given geographic location to adequately meet a comprehensive set of regular household costs, set aside savings for future planning and short-term emergencies, and manage debt. The study will account for income from labor earnings, government social insurance programs, tax credits, and employer-provided health care contributions.