Using data from the U.S. Census Bureau and other public sources, the Center for Public Policy Priorities created the Better Texas Family Budgets tool, an online public education tool that measures the cost of meeting basic needs across the 26 metropolitan areas in Texas for eight different family sizes. The Better Texas Family Budgets tool measures rental housing and utilities, food, health...| More >
Living on the Edge: Financial Insecurity and Policies to Rebuild Prosperity in America
Although the post-recession economy is showing signs of recovery millions of Americans are still scraping by. As policymakers make decisions over the next few months about whether to fund programs that provide a lifeline to a better future for millions of Americans, they should take a hard look at the...| More >
One number can decide where you live, how much you can borrow and even, in some cases, whether you can land a job.
Credit scores are becoming an increasingly important determinant of who can get ahead financially—and who cannot. Unfortunately, a growing number of Americans are paying the price of poor credit with higher interest rates and less economic opportunity...| More >
Owning a home is a quintessential piece of the American Dream. Nevertheless, the current state of American homeownership is fragile. Even as the market recovers from the 2007-2008 housing crash, homeowners have yet to recover lost wealth, and first-time buyers are facing new obstacles to homeownership...| More >
A college degree is the aspiration of almost every parent in America for their children. But as college tuition costs soar at rates far exceeding inflation, college threatens to be an unattainable privilege, open only to the wealthy few...| More >
How would you like a chance to win $10,000 – just for putting $25 into your savings account?
You can in Michigan, Nebraska and potentially soon in more places across the country.
“Prize-linked savings”—the brainchild of former Harvard Business School professor and now Dean of Oxford University’s business school Peter Tufano—is catching on as a way to encourage people to start saving or to save...| More >
A key step in achieving asset-building goals is developing a solid legislative strategy. The Joint Center for Political and Economic Studies has collaborated with the RAISE Florida Network to develop a legislative strategy to help achieve the coalition's goals with regard to funding for IDAs (Individual Development Accounts) and fostering sustainable homeownership. Join Wilhelmina Leigh and...| More >
New research shows the dramatic gap in household wealth that now exists along racial lines in the United States reflects policies and institutional practices that create different opportunities for
whites and African-Americans, and that personal ambition and behavioral choices are but a small part of the equation.
So powerful are these government policies and institutional practices that for...| More >
CFED sponsored a bipartisan policy forum titled: Can America Save Itself? Tax Reform, Savings and Financial Security that brought together two panels of experts to discuss potential opportunities in tax reform as well as other ideas that can help families save and ultimately become financially secure. A video archive of the event can be found here: Can America Save Itself? Video Archive and on...| More >
View the video archive, summit program, and speaker bios from the Fourth Annual African America Economic Summit. The Summit was co-sponsored by the Howard University Department of Economics, the Howard University Center for Urban Progress, the Howard University Center on Race and Wealth, Duke University’s Research Network on Racial and Ethnic Inequality, the Joint Center for Political and...| More >
As Congress debates a long-term path to American economic growth, American households confront their own daunting challenges to economic security and success. While tight budgets, polarized politics and a skeptical public constrain policymakers’ ambitions, Americans have yet to recover from the recession’s losses, and the wealth gap continues to widen. Within this context, CFED offers in this...| More >
New Research: How Education, Employment Affect Your Health
When it comes to good health, socioeconomic factors like community safety and social support, education, and employment all matter–often to a greater degree than the medical care you receive. Two new issue briefs and infographics explore research linking education level and employment status to health.More >
What lessons might the Austrailian restirement system reveal about Social Security?
- Australia’s retirement system has two key components: a means-tested government benefit and a mandatory savings account financed by employers.
- The government benefit provides a basic income, and about three quarters of retirees qualify.
- The savings accounts require employer contributions of 9 percent of pay for...
At a time when financial education is increasingly being criticized as an ineffective way to raise Americans’ low saving rate, an 8-hour course held on 13 Army bases is significantly boosting how much military personnel are saving for their retirement – among both big and small savers. They also trimmed their debts.| More >
There is considerable policy concern about “DI lock” – that tying public health insurance coverage to cash disability benefit receipt contributes to the low exit rates due to work. This concern led Congress to institute continued health insurance eligibility after disability beneficiaries leave the cash-benefit rolls for work-related reasons. However, unlike the long literature on “job lock,”...| More >
In economic downturns prior to the Great Recession, workers over age 50 had escaped relatively unscathed. But the unemployment rate for older workers soared to record highs during the Great Recession. This paper projects how older workers will fare across a broad set of financial outcomes over the remainder of this decade. The model estimates how these outcomes differ between individuals who...| More >
Although long-term care is a substantial financial risk for retired households, only about 10 percent purchase insurance, with many of the remainder relying on Medicaid. Faced with rising Medicaid expenditures on long-term care, states have attempted to encourage the purchase of private long-term care insurance through partnership programs that exempt purchasers of qualifying policies from the...| More >