Pay gap between college grads and everyone else at a record, By Christopher S. Rugaber (AP), January 12, 2017, Star Tribune: “Americans with no more than a high school diploma have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record. The growing disparity has become a source of frustration for millions of Americans worried that they — and their children — are losing economic ground…”
Tag: Income
Low-Income Tax Refunds
IRS to delay tax refunds for millions of low-income families, January 11, 2017, Chicago Tribune: “The IRS is delaying tax refunds for more than 40 million low-income families this year as the agency steps up efforts to fight identity theft and fraud. The delays will affect families claiming the earned income tax credit and the additional child tax credit. These tax breaks are geared to benefit the working poor, and many families claim both…”
Basic Income – Finland
Finland trials basic income for unemployed, By Jon Henley, January 3, 2017, The Guardian: “Finland has become the first country in Europe to pay its unemployed citizens an unconditional monthly sum, in a social experiment that will be watched around the world amid gathering interest in the idea of a universal basic income. Under the two-year, nationwide pilot scheme, which began on 1 January, 2,000 unemployed Finns aged 25 to 58 will receive a guaranteed sum of €560 (£475). The income will replace their existing social benefits and will be paid even if they find work…”