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Even as real wages rebound, low-income households are playing catch-up

Aug 22, 2023
Average hourly earnings are now rising faster than prices. But two years of high inflation have left many low-income people in a financial hole.
Inflation can take a heavier toll on low-income workers because a large proportion of their pay goes toward necessities like food.
Scott Olson/Getty Images

Cars: Can't live with 'em, can't live without 'em

Aug 15, 2023
Affordability has broken down, but the costs of not having your own vehicle are even higher for many. Marin Cogan of Vox explains.
The average new car costs a record $48,000 — up 25% between May 2020 and May 2023. During the same time, used car prices soared 50%.
Scott Olson/Getty Images

Some low-income families may not be receiving child tax credit money

Sep 17, 2021
By one estimate, some 4 million children and their families may be missing out on the payments.
A student carries home free bagged meals as part of Stamford, Connecticut's COVID response in March 2020. Funds from the child tax credit may not be making it to low-income families, a new study shows.
John Moore via Getty Images

If you give a kid an iPad...

Aug 21, 2014
The ACLU sues a school district in Massachusetts over its tablet policies.

Dad's income a predictor of his kids'

Jun 15, 2012
Americans have less economic mobility across generations than those in most other rich developed countries.

Financial literacy and low-income families

Apr 6, 2012
Low-income families don't have money to waste. Financial literacy is all about reducing that cost.