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National Bureau of Economic Research

Low-wage parents can help their kids avoid poverty for decades if they get this one tax credit

Wed, 07/26/2023 - 06:15
Tech Insider : Economy
A photo of a young mother working on her taxes with an infant beside her in a high-chair.
The earned income tax credit was established in 1975 to offset Social Security taxes and surging inflation.

M_a_y_a/Getty

economy, Earned Income Tax Credit, WIC, IRS, National Bureau of Economic Research, Poverty

The US economy's brief moment of slowing inequality might be on its way out

Tue, 07/25/2023 - 06:00
Tech Insider : Economy
Accountant calculates paycheck.
The gap between rich and poor in the US may be narrowing somewhat.

Getty Images

economy, Labor Market, Tightening, Income Inequality, Inequality, Federal Reserve Bank of Atlanta, National Bureau of Economic Research
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