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...
Main Authors: | , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Russell Sage Foundation
2018-02-01
|
Series: | RSF: The Russell Sage Foundation Journal of the Social Sciences |
Subjects: | |
Online Access: | https://www.rsfjournal.org/doi/full/10.7758/RSF.2018.4.2.08 |