Contributor: Boston Fed

Deonne Luacaw
By Gabriella Chiarenza
Losing public assistance benefits when their income goes up incentivizes some workers to stay in low-paying jobs. It discourages others who are willing to work from joining the workforce. Explore the issue and what's being done.
Teen and preteen African American sisters sit on a couch, holding a piggy bank
By Ray Boshara, Sara Chaganti, Ana Kent, Lowell R. Ricketts
There were large wealth gaps before the pandemic and rising prices are straining families’ resources. Yet there's hope for an equitable and inclusive wealth recovery.
Perspectives from Main Street
By Nishesh Chalise, Daniel Paul Davis, Michael Grover, Violeta Gutkowski, David Kaufmann, Karen Leone de Nie
Throughout 2020, the Federal Reserve surveyed nonprofits, financial institutions, government agencies, and other community organizations to understand the effects of COVID-19 on low- to moderate-income communities and the entities serving them. Here's what they found.