The strain of poverty may mean people are more likely to make bad decisions that exacerbate their financial problems. Photograph: Dan Kitwood/Getty Images From The Guardian: Poor people spend so much mental energy on the immediate problems of paying bills and cutting costs that they are left with less capacity…
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Source: Spotlight on Poverty and Opportunity (12)
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(15)
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From Colorlines: The Senate version of this year’s Farm Bill cuts about $4.5 billion from SNAP. In real life, this means 500,000 households would lose $90 a month in benefits, according to the Food and Research Action Center. Meanwhile, the House Agriculture Committee’s version, passed early this month, includes a…
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Interesting, provocative read from The Chronicle: Briallen has a Ph.D. from Princeton University and is a lecturer in the English department at Yale University. Johanna is a high-school graduate working full time at a bakery for slightly above minimum wage. … [Briallen] can’t imagine her life without higher education, but…
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From WashingtonPost: The burden of paying for college is wreaking havoc on the finances of an unexpected demographic: senior citizens. New research from the Federal Reserve Bank of New York shows that Americans 60 and older still owe about $36 billion in student loans, providing a rare window into the…
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From Center for American Progress: According to new data recently released by the Census Bureau and the Pew Research Center, households headed by someone 65 or older had an average total net worth 47 times greater than a home headed by a person 35 or younger. … The wealth gap…
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From ImmigrationProf Blog: A new U.S. Census Bureau report released yesterday revealed that the number of Americans in poverty hit a record 49 million in 2010, or 16 percent. The new data showed poverty rates for the elderly, Asians and Hispanics higher than previously known. The figures were calculated by…
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