American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market SPX, -0.73% DJIA, -0.90% COMP, -0.70% shed more than Read more
Tag: Poverty
Opinion: Opinion: Why inequality is growing in the U.S. and around the world
U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022. That’s because what’s been driving income inequality in the Read more
If you’re on the brink of financial insecurity, take these steps to get help
Scaling back streaming subscriptions is solid savings advice for some. But what if the choice you’re faced with is not whether to pay for Netflix NFLX, -1.44% or Hulu, but Read more
Opinion: Building subsidized low-income housing actually lifts property values in a neighborhood, contradicting NIMBY concerns
Building multiple publicly subsidized low-income housing developments in a neighborhood doesn’t lower the value of other homes in the area—and in fact can even increase their worth, according to a new Read more
How to prepare for a recession when you don’t have a lot of money to spare
Low- to moderate-income Americans walloped by higher prices and economic insecurity may have darker days ahead. Many economists and executives are predicting a recession within the next year — if the U.S. isn’t in one Read more
Higher inflation is hijacking retirement savings
Inflation and higher costs of living are preventing many workers from saving more for retirement, with roughly 3 out of 4 working adults contributing the same, less or nothing to Read more
More seniors are being pushed into poverty — here’s why
A terrible thing is happening to America’s seniors. While overall poverty rates in the United States are falling, they are rising for Americans over age 65. That’s according to the Read more
Enhanced child-tax credit cash helped reduce food insecurity for low-income families. Here’s one way Republicans and Democrats could agree on reinstating it.
The direct cash assistance from child-tax credit payments helped millions of families, making a sizable dent in child poverty rates. But the pandemic-era enhanced credit was discontinued at the end Read more
Treasury Secretary Janet Yellen says U.S. economy ‘has failed to live up to the nation’s promise of equal opportunity for all’
The Biden administration announced a slew of new efforts to further racial economic equity during the annual Freedman’s Bank Forum in Washington, D.C. Tuesday. The forum, acknowledging the history of Read more
40% of COVID funds in developing nations went to big companies, not the poor
More than a third of COVID-19 recovery funds in 21 developing countries were scooped up by big corporations — not all of which were likely to pass along that relief directly to the Read more