Social mobility, or the ability for an individual or group to improve their standing in society, has been faltering for decades as a result of declining public investment and rising inequality. Policy areas that are crucial for encouraging upward social mobility include childhood education and wellbeing, affordable housing, education and workforce development. However, in recent decades economic policy has not invested in these items that help those at the bottom and has instead focused on tax cuts for those at the top. Investing in key areas will have long-term positive impacts on social mobility and continue the American tradition of creating a better life through hard work.
Closing the Medicaid coverage gap would provide health coverage for over 2.2 million low-income Americans who are currently ineligible for any federal health insurance supports. These families live in the 11 states where Republican state officials have refused to accept generous federal funding to expand their state Medicaid programs to cover the larger low-income population offered coverage under the Affordable Care Act (ACA).
Jan 14 2022
Economic Update - January 14, 2022
Jan 14 2022
Abortion Access Is Key to Economic Freedom
Access to safe and legal abortion is an economic issue, not only an issue of bodily autonomy and individual agency. Access to abortion enables people to make the decisions that are right for them and their financial security. Furthermore, the ability to control if and when to have a child has lifelong economic consequences not only for the people directly impacted, but also their families and communities.
Jan 11 2022
How the Build Back Better Act Would Reduce Inflationary Pressure and Cut Costs for Families
Underinvestment in America’s public infrastructure helped create the conditions for the inflation—or higher prices for the same goods, economywide—that the U.S. is currently experiencing. The economic recovery, fading emergency pandemic relief and the Federal Reserve’s actions will reduce inflation in 2022, but the Build Back Better Act presents the best opportunity for Congress to reduce inflationary pressure long term, cut costs for families and boost economic resilience.
Early childhood education provides a number of economic benefits for both participants and their families, as well as the economy as a whole. Investing in universal preschool for 3- and 4-year-olds in the United States would generate economic benefits in both the near- and the long-term.
