Many Families With Children Experience a “Hidden” Source of Poverty [econofact.org]
By Lisa A. Gennetian, Christina Gibson-Davis, and Lisa A. Keister, Image: from study, EconoFact, January 20, 2022 The Issue: Research and policies aimed at addressing poverty tend to focus on family income. Yet, the future financial resilience of U.S. households with children will be shaped not only by the income they earn but also by their wealth holdings. Wealth is a critical resource that enables households to deal with unexpected economic shocks — including recent experiences of job loss...