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Families with Children Were Hit Harder by the Great Recession

From 2000 to 2010, families with children saw their real income fall by a higher rate compared to families without children, 7.4 percent and 6.8 percent respectively. Researchers found that a $3,000 annual increase in childhood income for families with children under the age of five can make a meaningful difference, or a 17 percent increase, in higher earnings as an adult. Families with children lost more than that amount over the Great Recession.

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