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Stories Tagged as

Low-income

Banks suspended overdraft fees for the pandemic. Now, 1 is doing so permanently.

by Samantha Fields
Jun 3, 2021
Ally Bank says the charges made up less than 1% of revenue and disproportionately affected Black, Latinx and low-income customers.
The banking industry generated $12 billion from overdraft fees last year, but for many banks, the charges make little impact on financial results.
Nicola Katie via Getty Images
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Does universal basic income discourage work? Maybe not, new data says.

by David Brancaccio , Erika Soderstrom and Rose Conlon
Apr 7, 2021
We're learning more about what happens when the government gives people money without conditions.
New data from the first year of a universal basic income program in Stockton, California, suggests worries over work incentives might be overblown.
Timothy A. Clary/AFP/Getty Images
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Ten states to seek work requirements for Medicaid recipients

by Dan Gorenstein
Jan 11, 2018
The Trump administration is offering states a path to impose new work requirements for some people who get health insurance under Medicaid, the program that serves 68 million primarily low-income, elderly and disabled Americans. This is a historic shift. Never in Medicaid’s 52 years have people had to work in order to get health insurance. […]
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It's a long wait for Section 8 housing in U.S. cities

by Aaron Schrank
Jan 3, 2018
In Los Angeles, it can take 10 years to get a voucher — if you're lucky.
In Los Angeles, 188,000 people applied for 20,000 spots in the housing voucher waiting line.
Justin Sullivan/Getty Images
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How Atlanta attorneys are helping kids stay in school

by Marketplace Contributor
Aug 21, 2017
There’s a new position in one Atlanta school’s directory: a lawyer.
 Ayanna Jones-Lightsy and Christal Reynolds are with the Atlanta Volunteer Lawyers Foundation. Their job at Thomasville Heights Elementary School is to help families stay in their homes.
Stephannie Stokes
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My Economy

A tale of two minimum wages

by Paulina Velasco
Jun 30, 2017
Young women in Louisiana and Los Angeles talk about getting by in the bottom tax brackets.
Protesters gathered at a rally for minimum wage in New York City. 
Spencer Platt/Getty Images
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Will tax reform upend market for low-income housing?

by Adam Allington
Mar 29, 2017
Cutting corporate taxes affects the market for affordable housing tax credits
The Low-Income Housing Tax Credit program has helped investors lower the cost of rent, but President Donald Trump’s campaign pledge to cut corporate taxes is already affecting the market for low-income credits.
Drew Angerer/Getty Images
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Milwaukee restaurants hope to feed low-income people with 'pay what you can' model

by LaToya Dennis
Feb 15, 2017
Customers can eat for free if they can't afford to pay, or pay a little extra to help others.
The Tricklebee Café in Milwaukee asks restaurant patrons to "pay what you can."
Latoya Dennis
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New Jersey eliminates cash bail for people accused of some crimes

by Marketplace Contributor
Jan 9, 2017
A study in 2013 found that nearly 40 percent of people in New Jersey jails were only there because they could not afford to pay their bail.
A police station in Newark, New Jersey.
Mark Makela/Getty Images
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In Charlotte, it's especially tough to climb the economic ladder

by Reema Khrais
Dec 21, 2016
Research shows low-income children in NC have just a four percent chance of rising to the top
Voters outside a polling place in Charlotte, North Carolina.
LOGAN CYRUS/AFP/Getty Images
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