US household income rose slightly last year, roughly matching 2019 level

By Christopher Rugaber

{EXCERPT)

Wendy Chun-Hoon, president and executive director at the Center for Law and Social Policy, said that the expiration of the Biden administration’s child tax credit, as well as subsidies for child care and other aid, have made it harder to cut poverty, particularly among African-American households. Chun-Hoon was head of the Labor Department’s Women’s Bureau during the Biden administration.

“Policy absolutely matters,” Chun-Hoon said. “Unless we make more permanent changes, any gains we see will be temporary.”

Read article here.

 

Source URL: https://apnews.com/article/income-inflation-economy-ae72499ff0de2e0251061ff3a502228b?utm_campaign=rfc&utm_medium=email&utm_source=ea&emci=2ffd85e3-ca94-f011-b484-6045bdeb7413&emdi=b76b8775-cc94-f011-b484-6045bdeb7413&ceid=2848417