This site is intended to educate the public on broad social, political and economic issues affecting low-income families. Comments made by readers herein do not represent the views or positions of the Marguerite Casey Foundation or Equal Voice, America’s Family Story, and do not constitute a recommendation for or against any specific candidate, legislation, or legislative proposal.
Users must refrain from making or posting comments that may constitute or could be viewed as lobbying or political campaigning under the U.S. federal tax laws. In addition, users must refrain from making or posting vulgar, obscene, threatening or abusive comments on this site. The website moderator reserves the right in its sole discretion, but not the responsibility, to delete or edit any user submission to this site, and/or to bar the participation by anyone who it reasonably believes to have violated these principles. Complete rules of conduct for this site are contained in the Term of Use
Low-income workers have a low rate of saving their after-tax income. The Federal Reserve reports that only one-third of families in the bottom fifth (incomes of less than $20,291) saved any of their income in 2007, compared to almost three-fifths of households in the middle fifth (incomes between $39,000 and $62,000). Without savings, low-income families have no resources to invest in efforts to increase their human capital, such as education and job training to improve their skills, or in physical assets such as housing and transportation to help them move out of poverty, says D. Sean Shurtleff, a policy analyst with the National Center for Policy Analysis.
Read More
No comments:
Post a Comment