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Income Volatility and Low-Income Households
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Family income volatility has increased over the past three decades, though the trend for individual earnings volatility is less clear. Low-income households have more volatile incomes than do higher income households and this gap has grown over time. Job losses, reductions in employment hours, and loss of working adults in a household were the most common factors associated with large income drops. Additions in working adults and work hours, and increased wages were the most frequent causes of income increases.
Author: Colin Morgan-Cross, Marieka Klawitter
Topic: Financial well-being
Publisher: Evans School of Public Affairs, University of Washington
Location: United States
Format: Brief
Content Type: Research
Publication Date: August 2, 2012