The 2017 Tax Cuts and Jobs Act, the key legislative achievement in the first year of the Donald Trump administration, substantially raised the federal debt and disproportionately increased incomes for the most affluent. The effects on economic growth and median wages were modest at best.
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#TaxCuts #JobsAct #FederalDebt #IncomeInequality #EconomicGrowth
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#TaxCuts #JobsAct #FederalDebt #IncomeInequality #EconomicGrowth
www.aeaweb.org
Sweeping Changes and an Uncertain Legacy: The Tax Cuts and Jobs Act of 2017
(Summer 2024) - The Tax Cuts and Jobs Act (TCJA) of 2017 introduced sweeping changes to individual and corporate taxation. We summarize the major provisions, trace the origins of the Act, and compare it to previous tax changes. We also
examine the effects…
examine the effects…
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A study on about ~500k people from 50 countries examining Wikipedia browsing habits shows that in countries with more inequality, people tend to browse with a more focused intent. In contrast, in countries with greater equality, browsing is more expansive and covers a wider variety of topics
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#WikipediaStudy #BrowsingHabits #IncomeInequality #SocialBehavior #GlobalResearch
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#WikipediaStudy #BrowsingHabits #IncomeInequality #SocialBehavior #GlobalResearch
Penn Today
Studying Wikipedia browsing habits to learn how people learn
A collaborative team of researchers analyzed the information-seeking styles of more than 480,000 people from 50 countries and found that gender and education inequality track different types of knowledge exploration. Their findings suggest potential cultural…
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High childcare costs are a driver of US inequality – When childcare costs are high, mothers without college degrees reduce their participation in the workforce whereas college-educated mothers do not. This exacerbates family income gaps.
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#ChildcareCosts #IncomeInequality #WorkingMothers #EducationGap #FamilyEconomics
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#ChildcareCosts #IncomeInequality #WorkingMothers #EducationGap #FamilyEconomics
Sage Journals
Care Labor and Family Income Inequality: How Childcare Costs Exacerbate Inequality among U.S. Families - Pilar Gonalons-Pons, Ioana…
Care infrastructures are essential for supporting families and enabling women’s participation in the labor market, but they also have implications for family in...
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Long COVID associated with an increased likelihood of facing financial hardships, such as food insecurity, inability to pay bills, and the threat of losing services. Individuals in lower income groups and those without college degrees were disproportionately affected by the condition.
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#LongCOVID #FinancialHardship #FoodInsecurity #IncomeInequality #HealthDisparities
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#LongCOVID #FinancialHardship #FoodInsecurity #IncomeInequality #HealthDisparities
UGA Today
Long COVID-19 is costing Americans money
Low income Americans are more likely to experience food insecurity and be unable to pay their bills due to long COVID.
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Data from 2000-2020 finds decline in unionization led to increased income inequality in Canada. This finding was consistent for all provinces
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#Unionization #IncomeInequality #CanadaEconomy #LabourRights #EconomicResearch
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#Unionization #IncomeInequality #CanadaEconomy #LabourRights #EconomicResearch
SAGE Journals
Unionization rates, inequality, and poverty in Canadian provinces 2000–2020
Unions can increase the power of workers through both collective bargaining and political avenues, potentially creating less income inequality and poverty. Howe...
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Top 20% of high-income, college-educated Americans have less heart disease risk than others, and this gap has widened over past two decades, even after adjusting for factors like blood pressure, cholesterol and BMI. Life expectancy for richest 1% of Americans is now 10 years higher than poorest 1%.
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#HealthDisparities #WealthAndHealth #HeartDiseaseRisk #LifeExpectancy #IncomeInequality
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#HealthDisparities #WealthAndHealth #HeartDiseaseRisk #LifeExpectancy #IncomeInequality
UPI
Wealthier Americans face lower risk of heart disease
Well-to-do and better-educated Americans have far lower rates of heart disease than the rest of the population, a new study says.
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American small business owners are more likely to identify with and vote for right-wing parties. People who inherited a business are more right-leaning. People without college degrees but who earn higher-than-median incomes are more likely to identify with the Republican Party and vote for Trump. 🇺🇸💼📈🤝
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#SmallBusiness #RightWingPolitics #RepublicanVote #IncomeInequality #BusinessOwners
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#SmallBusiness #RightWingPolitics #RepublicanVote #IncomeInequality #BusinessOwners
EurekAlert!
Why small business owners are more likely to be right wing
Small business owners are more likely to identify with and vote for right-wing parties, a new study in the British Journal of Political Science, published by Cambridge University Press reveals. The research suggests it is the experience of being a small business…
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A US study found warmer days lead to more sugary drinks 🍹 and desserts 🍰, especially in lower-income groups. Warming could raise daily sugar intake nationwide by 2095.
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#SugaryDrinks #ClimateChange #PublicHealth #NutritionAwareness #IncomeInequality
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#SugaryDrinks #ClimateChange #PublicHealth #NutritionAwareness #IncomeInequality
Nature
Rising temperatures increase added sugar intake disproportionately in disadvantaged groups in the USA
Nature Climate Change - Few studies have evaluated how climate change may affect dietary habits and nutritional health. Here, using transaction data in the USA, the authors show that added sugar...
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Poverty may be linked to lower fertility 💔📉. Researchers have found that about half of couples on low incomes had fertility problems compared to about a third of couples on high incomes. Lifestyle factors, such as BMI, smoking, and drinking, did not fully explain this difference.
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#PovertyFertility #FertilityResearch #IncomeInequality #HealthDisparities #FamilyPlanning
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#PovertyFertility #FertilityResearch #IncomeInequality #HealthDisparities #FamilyPlanning
EurekAlert!
Poverty and social disadvantage in women and men and fertility outcomes
About The Study: The findings of this cohort study suggest that poverty and social disadvantage, characterized by low educational level and household income among both women and men, were associated with lower fecundability (defined as the per-month probability…
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Rising Income Inequality 📈 Predicts Longer Work Hours ⏰ Globally, New Research Finds.
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#IncomeInequality #WorkLifeBalance #GlobalEconomy #LongWorkHours #ResearchInsights
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#IncomeInequality #WorkLifeBalance #GlobalEconomy #LongWorkHours #ResearchInsights
PsyPost
Rising income inequality predicts longer work hours globally, new research finds
A recent analysis of global data reveals a link between income inequality and longer work weeks. The study suggests that economic disparity prompts individuals—particularly disadvantaged groups in the United States—to significantly increase their work hours.
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Well-being is linked to income. In 80% of 109 countries, subjective well-being is more strongly associated with within-nation rank of income. In countries with the highest civic engagement, the association between income rank and well-being is about 80% smaller.
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#WellBeing #IncomeInequality #CivicEngagement
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#WellBeing #IncomeInequality #CivicEngagement
Nature
Social status and the relationship between income rank and well-being in 109 nations
Nature Communications - Higher incomes are associated with higher well-being. Here, in a 109-nation study, the authors show that the rank of income, rather than income itself, is associated with...
Rising income inequality drives anti-immigrant politics and Republican realignment. The association between anti-immigrant attitudes and Republican voting is stronger in high-inequality contexts.
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#IncomeInequality #ImmigrationPolicy #RepublicanRealignment
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#IncomeInequality #ImmigrationPolicy #RepublicanRealignment
SAGE Journals
Bridges and Walls: How Rising Income Inequality Drives Anti-Immigrant Politics and Republican Realignment
Rising economic inequality has coincided with growing political polarization and heightened opposition to immigration in the United States. This paper examines ...
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Research has found growing up in a society with a wide gap between the rich and the poor is linked to higher rates of depressive symptoms later in adulthood. The researchers adjusted for factors like age, sex, and education.
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#MentalHealth #IncomeInequality #DepressionRisk
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#MentalHealth #IncomeInequality #DepressionRisk
PsyPost
Major new study links childhood income inequality to a magnified genetic risk for depression
A large international twin study reveals that childhood economic inequality shapes adult mental health. Published in Psychological Medicine, the research provides evidence that a wide wealth gap can magnify a person's genetic risk for developing depression.