Dating poor economy
And their numbers are on the rise: the share of working families headed by a woman that are low income increased from 54 percent in 2007 to 58 percent in 2012.The share is even higher among African Americans, as 65 percent are low income..action_button.action_button:active.action_button:hover.action_button:focus.action_button:hover.action_button:focus .count.action_button:hover .count.action_button:focus .count:before.action_button:hover .count:before.u-margin-top--lg.u-margin-left--sm.u-flex.u-flex-auto.u-flex-none.bullet. Content Wrapper:after.hidden.normal.grid_page.grid_page:before,.grid_page:after.grid_page:after.grid_page h3.grid_page h3 a.grid_page h3 a:hover.grid_page h3 a.action_button.grid_page h3 a.action_button:active.grid_page h3 a.action_button:hover.grid_page h3 a.action_button:not(.fake_disabled):hover.grid_page h3 a.action_button:not(.fake_disabled):focus.grid_pagediv. The threat to these programs is particularly grave this year because of the desire to lower corporate and individual income taxes.
The answer to that question has never been more important than it is today: Anti-poverty programs such as Medicaid, the Supplemental Nutrition Assistance Program (SNAP, often called food stamps) and other safety-net programs designed to assist low-income Americans are not only social and moral imperatives — they serve critically important economic purposes.Working single mothers are disproportionately likely to be poor, and their ranks are growing, according to a new report from the Working Poor Families Project.While families headed by a working mom make up less than a quarter of all working families, they make up nearly 40 percent of all low-income ones.But the majority party in Congress is unlikely to want a major structural overhaul of the tax system to be temporary.That’s because such structural reforms require businesses to make long-term organizational and financial changes.
What’s more, these programs serve as “automatic stabilizers” during an economic downturn: In a weak economy, as more people lose income and become eligible for federal benefits, the programs expand, putting more money in more people’s pockets.