The earnings of those in unsubsidized employment would be correctly captured as income from work in national surveys. Any welfare benefits associated with work experience, community service programs or other work activities, however, would be counted as income from welfare in most national surveys, a classification incompatible with the proposed
This introductory chapter provides an overview of the specific summary measures of welfare dependence proposed by the Advisory Board. It also discusses summary measures of poverty, following the Board’s recommendation that dependence measures not be assessed in isolation from measures of deprivation.
Figure ECON 1. Percentage of Persons in Poverty, by Age: 1959-2003
Source: U.S. Bureau of the Census, “Poverty in the United States: 2003,” Current Population Reports , Series P60-226 and data published online at http://www.census.gov/hhes/www/poverty.html.
This introductory chapter provides an overview of the specific summary measure of welfare dependence proposed by a bipartisan Advisory Board 1 and adopted for use in this annual report series. It also discusses summary measures of poverty, following the Advisory Board’s recommendation that dependence measures not be assessed in isolation from o
In this section, the Chartbook reports on whether or not adopted children had ever lived with their birth family and where they lived immediately prior to living with their adoptive parents. It also includes information on children’s relationships to their parents prior to the adoption. (Prior relationships could include that they were already r
Getting married and starting a family are life events that many individuals strive for. Research has shown the positive financial benefits in terms of wages and accumulation of wealth for couples who are married and stay married. 12 If something serious happens such as unemployment or health problems, having a spouse can help one to get through t
When parents are divorced or never married, child support is the obligation for a periodic payment made directly or indirectly by a non-custodial parent to a custodial parent, caregiver, or guardian. Non-custodial fathers who have never been married to the mother of their child are obligated to pay child support as long as paternity for that child
As illustrated in Figure 4, healthy communication between two partners is essential to the success of a marriage. Avoidance of certain topics, like finances or credit history, may indicate hidden issues and concerns about acceptance. Money can be a difficult topic, especially talking about different cultural or socioeconomic backgrounds, the meani
Because credit history is important to obtaining credit, knowledge of each partners’ credit scores is critical. A FICO score (named for the Fair Isaac Corporation that created it) is a mainstream credit score that determines the interest rate on credit cards, car loans, home mortgages, as well as one’s ability to obtain a cell phone or get an
This section discusses three financial and three relationship issues that are important to success in finances and in love. From a financial perspective, knowledge of the types of credit, joint vs. separate accounts, and credit scores will help couples build credit together. In turn, financial missteps can be avoided by understanding how to handle
Many Americans frequently see or hear about how credit can increase family funds or solve money problems, whether by opening a new credit card through an application received in the mail or in advertisements about how people who have credit troubles can access new lines of credit. While talking about credit has become an everyday phenomenon in the
Changes in the housing and credit markets during the past year have led to increased recognition that developing comprehensive family-based money and credit strategies is critical in the short-term to weather financial storms, but also for long-term financial health of the children. Financial stability strongly interacts with family relationships.
This is the second of two briefs that examine the interplay between education and skills-building programming for lower income individuals and families in the areas of marriage and relationships, financial literacy, and asset development. It explores how communication, marriage and divorce, money management, credit and debt, children and child s