The Rainy Day Earned Income Tax Credit: A Reform to Boost Financial Security by Helping Low-Wage Workers Build Emergency Savings

The Rainy Day Earned Income Tax Credit: A Reform to Boost Financial Security by Helping Low-Wage Workers Build Emergency Savings

Financial stability depends on emergency savings. Low-wage workers regularly experience drops in income and unexpected expenses. Households with savings absorb these financial shocks but most low-income Americans lack rainy day savings. Therefore, even a small shock, like car repairs, can result in...

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Bibliographic Details
Main Authors: Sarah Halpern-Meekin, Sara Sternberg Greene, Ezra Levin, Kathryn Edin
Format: Article
Language:English
Published: Russell Sage Foundation 2018-02-01
Series:RSF: The Russell Sage Foundation Journal of the Social Sciences
Subjects:
EITC
emergency savings
financial instability
income volatility
Online Access:https://www.rsfjournal.org/doi/full/10.7758/RSF.2018.4.2.08

Internet

https://www.rsfjournal.org/doi/full/10.7758/RSF.2018.4.2.08

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