Poverty

Financial exclusion in American cities

Approximately 14.1 million adults in the United States did not have bank accounts in 2017. Access to mainstream banking — institutions insured by the Federal Deposit Insurance Corporation (FDIC) — can provide financial stability and economic mobility, while exclusion from it can lead to economic insecurity. The federal government routinely surveys American households to estimate […]

Are Unstable Families a Productive Adaptation to Poverty?: Evidence from the Poverty Culture

Critics of social welfare contend poverty produces unstable family structures. But maybe lower-income households favor flexible family structures to increase their wealth.   Opponents of government assistance for low-income families argue low rates of stable marriage are a root cause of poverty, while supporters of welfare programs counter that poverty causes the family instability which […]

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