Confusing rules for student debt cancelation and forgiveness means that many borrowers don't take advantage of them.
Inequity in mental health costs goes beyond loss of productivity in the workplace, contributing to homelessness, poverty, and unemployment.
Federal officials have so far charged one Venezuelan in Florida with identity theft and conspiring to steal stimulus checks, the Miami Herald reports.
Americans have so far received three stimulus checks, but a growing number of politicians (all Democrats) want those checks to be recurring.
The Economic Security Project found that stimulus checks are faster and more impactful for lifting Americans out of poverty than any other policy.
In March, before many of the American Rescue Plan's benefits were enacted, pandemic-era poverty levels soared.
Some 152 million people tumbled into poverty or the lower-income class, reversing years of improvement in poorer countries, according to Pew data.
Insider used Current Population Survey data from IPUMS to get an estimate of how many households may be eligible for the child tax credit.
GOP Sen. Pat Toomey said debt collectors had every right to collect money owed, thwarting a Democratic effort to stop that.
The stimulus includes a child tax credit for parents to get up to $3,600 per child. Some Democrats are starting to call it "Social Security for kids."
Black Americans still have more than double the poverty rate of white Americans, which could exacerbate existing inequality.
Annie Fadely is the senior policy and programs associate at Civic Ventures and a producer of the “Pitchfork Economics” podcast. She says the Congressional Budget Office’s report that a $US15 minimum wage will kill jobs should be more nuanced. Fadely cites research indicating that any decrease in employment would be […]
Democrats are drafting legislation to have the IRS send monthly payments of up to $US300 to millions of families, sources told Insider. People could opt to receive a monthly check or a lump sum after filing taxes, according to an early version of the plan. Biden supported an identical measure […]
An Oxfam report found billionaires’ wealth increased by $US3.9 trillion between March 18 and December 30, 2020. The increase for the world’s 10 richest billionaires could pay for everyone to get vaccinated and stay out of poverty. The report recommends wealth taxes as one step toward a better world. Visit […]
A study by University of Notre Dame and University of Chicago economists found that 8 million Americans fell into poverty as government benefits have expired. The rise was more noticeable among Black people, children, and those with a high school education or less. Although poverty rates have increased in recent […]
The federal government should permanently boost the JobSeeker payment despite promising new employment figures, says the Australian Council of Social Service (ACOSS). Fresh jobs data yesterday revealed the unemployment rate dropped 0.2% in December to 6.6%, but advocates say those promising numbers don’t tell the whole story. The JobSeeker Coronavirus […]
With much of downtown Washington DC shut down, many of the city’s homeless have struggled to access services. The capital has the highest income inequality in the country and the highest per capita rate of unhoused in the United States. Visit Insider’s homepage for more stories. A rehearsal for President-elect […]