Uncategorized

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.

To read more, see Prosperity Watch

Check Also

Follow the money: The Governor’s budget keeps phased-in income tax cuts on the books, proposes no further rate changes, and leaves nearly $5 million on the table

Today, Governor Pat McCrory unveiled a budget proposal ...