Archive for the ‘Income’ Category

More Mobility Pictures and Words

January 5th, 2012

 I promised I’d follow up on this and—though it wasn’t a pinky shake (the most sacred promise in my house)—I do try to stay true to my word. [These come from the mobility chapter I contributed to the 2008/09 version of the book State of Working America, an EPI publication.] The first figure reflects some… Read more

The Best of CBPP Graphs: Guideposts on the Road Back to Factville

December 29th, 2011

My CBPP colleagues contributed many important graphics to the debates of 2011 in lots of different areas, including fiscal, poverty, inequality, health care, and more.  But which ones to highlight in this end-of-year look back at the best of 2011?  I generally used a market test: these are the ones that were most widely circulated…. Read more

Forecasting HH Income

December 22nd, 2011

Someone asked me what I how I thought middle-class incomes held up in 2011.  We won’t know until Census releases median income numbers for 2011 in the early fall of 2012, but we can make an educated guess. That is, based on the time-series of household median income going back to the mid-1960s, along with… Read more

Nothing’s Perfect, But the EITC Gets Darn Close

December 9th, 2011

A lot of people are asking me about this David Cay Johnston article, the title of which bizarrely intimates that the EITC (earned income tax credit) raises poverty.  It does not.  In fact, this robust, refundable tax credit for low-wage workers (refundable means that if their tax credit exceeds their tax liability, the IRS sends… Read more