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Although there are many similarities among lower income neighborhoods, participation in major credit products differs regionally. Read more from the State of Low Income America:
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"Borrowers in low-income neighborhoods have smaller credit lines available to them as the median available credit in the lowest income areas is only $1,602." Read more from The State of Low Income America:
For America’s low-income children, high-quality opportunities to prepare for kindergarten were already scarce before the pandemic hit. The impact of COVID-19 means many more kids may fall behind. Read more from @USATODAY 's @aliaemily :
Borrowers in lower income communities are less likely to have mortgages, credit cards, and auto loans. Read more from the Debt and Credit in Low Income America report:
About 70 percent of renters report they would like to own their own primary residence, though homeownership rates are more than two times lower than high income neighborhoods. Read more from The State of Low Income America: Credit Access & Debt Payment:
As of mid-year, consumers across the income spectrum were contributing to savings and paying down their debt, and credit card balances declined sharply across the board. Read more from The State of Low Income America: Credit Access & Debt Payment:
The government needs to act now to stabilize the economy, protect America’s small businesses, and help low income Americans bear the costs of quarantine, and that means more than just cutting interest rates, read more here: 2/2
To understand hardship faced by many in America read this - it takes 53 weeks of media income to meet a family’s annual expenses, which is a problem when there are only 52 weeks in a year. And, no, it definitely hasn’t always been this way.
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#GBDstudy 2017: #LowBackPain is the leading cause of #disability in almost all high-income countries as well as in central and eastern Europe, North Africa, the Middle East, and parts of Latin AmericaRead new series:
At dozens of America’s elite colleges, more students came from the top 1% of the income scale than from the entire bottom 60% of that scale — even though many of those lower-income students have the qualifications to get in. That needs to change. Read on:
"We talk a lot about income inequality, and the urban-rural divide," in America, says . "But the gaps we're dealing with are also between cities." READ: #frontlinePBS
New analysis from and shows that every income group in America gets a tax cut in the Senate's Tax Cuts and Jobs Act. Read more:
Income #inequality remains high in Latin America and sub-Saharan #Africa . Read more in #FiscalMonitor on #LatAm
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