Issue Briefs
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The Earned Income Tax Credit (EITC) – a refundable credit that rises with earnings up to a point before phasing out – is one of the federal government’s largest poverty reduction programs. The EITC’s design – which yields no benefit to non-workers – has been found to encourage employment among lower-income individuals. This rare combination…
Measures of retirement preparedness often suggest that a substantial share of U.S. households are not on track to maintain their standard of living in retirement. And many retirees report regret for not saving enough. Yet, when asked about their life satisfaction, the overwhelming majority – 92 percent – of retired households say…
