Tag: poverty report
For the first time, the Census Bureau’s annual poverty report included information regarding both the Official Poverty Rate and the Supplemental Poverty Measure, which was first introduced in 2011. As a reminder, the official measure compares a family’s pretax money to a threshold based on the number of people. The thresholds, which were established in the 1960s,…
When the time comes to fix Social Security, one prominent proposal would raise the payroll tax and apply the tax on earnings above $400,000. Hanging around financial types and academics who worry about pensions and retirement income, it is easy to get lulled into the notion that the mass affluent – some people’s idea of…
