The American Rescue Plan is expected to cut child poverty in the United States by more than 40 percent. The benefits are important to families today and could be compounded over the hundred years these children are expected to live.
Official statistics don't capture the pain of inflation for many Americans. That's because there's something wrong with how we define the middle class. Far more American households earn a middle-class income than enjoy a middle-class lifestyle.
This weekly recap focuses on how the West might respond in the case of a limited Russian attack on NATO, what China's Arctic ambitions mean to the United States, how inflation affects middle-class households, and more.
African American families have significantly less wealth than White families, even after reaching the middle class. Home ownership is, for the vast majority of Americans, the primary vehicle for accruing wealth, and passing it down through generations. This is a crucial time for policymakers to consider policies that focus on improving home ownership rates for African Americans.
Wealth accumulation is not solely determined by a person's choices and ability. Many factors affect individual wealth, including parental income, credit, and systemic discrimination. These factors have a cumulative effect and can lead to persistent disparities over generations.
Black children who grow up in middle-class households are less likely than white children who grow up in middle-class households to replicate their parents' socioeconomic status. What key factors contribute to this disparity?
Americans' personal spending drops consistently after age 65, both among the affluent and those with lower levels of financial resources. The findings contradict traditional wisdom that spending will be constant or even increase during older age, and suggests that individuals and couples could spend more early in retirement.
Black veterans tend to have higher incomes and higher rates of home ownership than Black Americans who are not veterans. But the economic picture is less positive when compared with White Americans. Also, Black veterans experience more health concerns than Black or White civilians.
The federal Building Resilient Infrastructure and Communities (BRIC) program can help develop community resilience through mitigation activities that emphasize equity goals alongside reduction of risk to physical assets, as described in this report.
Depending on definition, the American middle class has been either receiving less income or shrinking in size since the '70s. The economic effects of the pandemic will likely generate further declines in the middle class and a disproportionate entry into the lower class.
The study objectives are to determine whether Black Medicare beneficiaries undergo fewer hip and knee replacements across regions, and whether disparities affected all or mainly affected socioeconomically disadvantaged Black beneficiaries.