Why Are So Many Households Unable to Cover a $400 Unexpected Expense?
Published: | 8:40 pm | Posted in: Poverty
Despite a strong economic recovery, about 40 percent of households in 2017 still said they would have trouble paying for a $400 unexpected expense. When households are operating under such a tight budget, building a nest egg for retirement can be challenging. This brief uses data from two Federal Reserve surveys – the Survey of […]
In-Work Poverty in the United States
Published: | 6:26 pm | Posted in: Poverty
In-work poverty became a prominent policy issue in the United States long before the term itself acquired any meaning and relevance in other industrialized countries. With America’s embrace of an employment-centered antipoverty strategy, the working poor have become even more of an issue. This paper reviews some key trends, drivers and policy issues. How much […]
Severe Deprivation in America: An Introduction
Published: | 6:04 pm | Posted in: Poverty
A Life Crystal Mayberry was born prematurely on a spring day in 1990 shortly after her pregnant mother was stabbed eleven times in the back during a robbery.1 The attack induced labor. Both mother and daughter survived. It was not the first time Crystal’s mother had been stabbed. For as far back as she can […]