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Child poverty dropped to a record low last year. A new report shows how to keep it that way
The expanded child tax credit that families received in 2021 helped reduce child poverty across the country, but particularly in the South where families lack a sufficient safety net, according to a paper released last week. The report by the Hamilton Project, the Brookings Institution’s economic policy initiative, comes as some Democrats appear ready to attempt […]
Food sanitation company fined $1.5 million for illegal child labor
A company responsible for cleaning meatpacking plants across the country has paid $1.5 million in civil penalties for making children as young as 13 work in dangerous conditions. The fine, announced Friday by the U.S. Department of Labor, followed an investigation by the agency into Packers Sanitation Services Inc., at 13 plants in eight states, […]
Proposed federal rule would lower credit card late fees
As Americans continue to struggle with high credit card rates, the Consumer Financial Protection Bureau has proposed a rule to help lessen some of their financial burden — in the form of lower late fees. The new rule would limit late fees to $8. Currently credit card companies can charge as high as $41 — […]
Here’s why food prices remain stubbornly high even as inflation cools
Shoppers hoping for a little relief at the grocery store for their holiday meals will be disappointed by the Consumer Price Index released Tuesday. The CPI shows inflation cooling but food prices — particularly for some holiday staples — remain high. The CPI increased 0.1% in November, which was lower than some economists expected. Over […]
4 takeaways on housing ahead of inflation report
Housing costs, including rental prices, are on the path to stabilizing but evidence of this won’t show up in inflation measures anytime soon, economists say. The latest Consumer Price Index numbers, which are used to measure inflation, come out on Thursday morning. But the survey used to measure shelter, a large component of inflation, lags […]
The Fed raises interest rates again, signals more coming despite pressure to slow the pace
The Federal Reserve announced on Wednesday that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75 to 4%. Federal Reserve Chair Jerome Powell said during a press conference following the announcement that the “historically fast pace” of […]
Millions of workers are dealing with long Covid. Advocates call for expanding social safety net.
Emily Withnall caught Covid-19 from her teenager in July 2020. In the more than two years since, the 40-year-old has suffered from debilitating fatigue, spinal pain and heart palpitations. In addition to her primary care doctor, she regularly sees a cardiologist and says her acupuncturist and craniosacral therapy help relieve her pain and the trouble […]
Costs of incarceration rise as inflation squeezes inmates, families
Across the nation, prison commissaries are raising prices on items that many consider basic necessities — from deodorant to fresh fruit — not provided by the state department of corrections. The markups come as decades-high inflation is also squeezing inmates’ families, making it harder for them to help. It’s a burden that families shouldn’t have […]
As rural homelessness increases, HUD aims money at helping people without access to shelters
The Department of Housing and Urban Development has opened up millions of dollars in funding for groups serving unhoused people in rural areas — an unprecedented move by the agency, say housing advocates. People living in cars, parks and on the street at night, which the agency labels unsheltered homelessness, has increased across the nation, […]