The United States faces challenges as the cost of basics like food, rent, medicine and transportation increase. The Hamilton Project analyzes 30 years of census data since 1984 and shows that growing housing and health care costs present an obstacle to economic security, particularly for low-income families. getAbstract recommends this insightful report to US economy watchers and those interested in the social impact of current economic trends.
In this summary, you will learn
Why it matters that spending on basic needs varies among low-, middle- and upper-income US households;
How social safety nets haven’t kept up with the changing economy; and
What policy makers can do to ensure a basic level of security for low-income households.
About the Authors
Diane Whitmore Schanzenbach, Ryan Nunn, Lauren Bauer and Megan Mumford are the director, policy director, visiting fellow and senior research assistant, respectively, at The Hamilton Project.