Brief Risk and Recovery: Understanding the Changing Risks to Family Incomes
Gregory Acs, Pamela J. Loprest, Austin Nichols
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This paper examines the characteristics and circumstances of families vulnerable to sharp income drops and those most likely to recover financially. More than 13 percent of nonelderly adults in families with children will see their incomes fall by half at some point over the course of a year, and about 40 percent fully recover within a year. Those who lose jobs or have an adult leave the family are more likely to have a substantial drop in income and are less likely to recover.This study uses data from the Survey of Income and Program Participation, which collects data every four months and can provide information on short-term income loss.
Research Areas Economic mobility and inequality Families Social safety net
Tags Low-Income Home Energy Assistance Program (LIHEAP) Economic well-being Income and wealth distribution Families with low incomes