ANN ARBOR—With the last monthly Child Tax Credit payment of the year set for distribution on Dec. 15, new research offers insights into which low-income families are still not receiving their checks. The reasons vary from another parent claiming the credit to processing issues and unknown reasons that indicate barriers in the tax filing process.… Continue reading Families with no earnings, Hispanic parents most likely to miss out on Child Tax Credit payments
News Tag: Economic Behavior
Inflation advice to consumers: ‘Just grin and bear it’
ANN ARBOR—Consumers expressed less optimism than any other time in the past decade, including more negative prospects for their own finances as well as for the overall economy, according to the University of Michigan Surveys of Consumers. The decline was due to rapidly escalating inflation combined with the absence of federal policies that would effectively… Continue reading Inflation advice to consumers: ‘Just grin and bear it’
$4M donation launches Stone Center for Inequality Dynamics at Michigan
ANN ARBOR—A $4 million gift from the Stone Foundation will launch a center at the University of Michigan to better understand and address rising wealth inequality. The James M. and Cathleen D. Stone Center for Inequality Dynamics will pursue cutting-edge research to comprehensively understand changes and stability in inequality across generations, time and place, and… Continue reading $4M donation launches Stone Center for Inequality Dynamics at Michigan
Inflation uncertainty highest in four decades
ANN ARBOR—Consumer sentiment has remained virtually unchanged in the past three months, at levels comparable to the pandemic low point in April 2020, according to the University of Michigan Surveys of Consumers. The positive impact of higher income expectations and the receding coronavirus has been offset by higher rates of inflation and falling confidence in… Continue reading Inflation uncertainty highest in four decades
Nearly 38,000 households in Detroit estimated to be living in inadequate housing
DETROIT—The scale of Detroit’s home repair need is even greater than previously estimated, according to new findings from the University of Michigan, which underscores residents’ desire to make home repair a top priority for spending the city’s American Rescue Plan Act funds. Nearly 38,000 households in Detroit—which equates to more than 1 in 7 occupied… Continue reading Nearly 38,000 households in Detroit estimated to be living in inadequate housing
Child Tax Credit providing critical help, but not reaching more than 1 in 10 eligible families
ANN ARBOR—While most eligible families received the first two monthly Child Tax Credit payments and used the money to cover the costs of essential household expenses, a new survey indicates that more than 1 in 10 CTC-eligible families have not received the credit and were either uncertain about how to claim it or did not… Continue reading Child Tax Credit providing critical help, but not reaching more than 1 in 10 eligible families
Federal unemployment money during pandemic boosted health care spending
ANN ARBOR—Emergency federal dollars given to the unemployed during the COVID-19 pandemic bolstered health care spending as jobless rates skyrocketed, a new University of Michigan study found. But the negative consequences of unemployment and moderating effects of federal income support were greatest in states that did not adopt Medicaid expansion. The study, published in the… Continue reading Federal unemployment money during pandemic boosted health care spending
Inflation raises uncertainty about future living standards
ANN ARBOR — Although consumer sentiment edged upward in September, the overall gain still meant the continuation of depressed optimism, according to the University of Michigan Surveys of Consumers. The relapse in consumer confidence was initially sparked by the Delta variant and supported by an upsurge in inflation and unfavorable long-term prospects for the economy,… Continue reading Inflation raises uncertainty about future living standards
U-M expert: Challenges abound as leaders assemble for Mackinac Policy Conference
ANN ARBOR—Many of Michigan’s business, political and academic movers and shakers are gathering this week for the annual Mackinac Policy Conference after the coronavirus pandemic forced the cancellation of last year’s event. While the number of people ferrying or flying to Mackinac Island is certain to be far lower than usual, with attendance caps and… Continue reading U-M expert: Challenges abound as leaders assemble for Mackinac Policy Conference
Texas’ near-total abortion ban: U-M experts can discuss
Margo Schlanger, the Wade H. and Dores M. McCree Collegiate Professor of Law, is a leading authority on civil rights issues and civil and criminal detention. “The Court has usually been pretty protective of its own prerogatives; that is, it has liked to be the only entity that could alter its own rulings,” she told… Continue reading Texas’ near-total abortion ban: U-M experts can discuss