Emergency savings preparedness and perceptions
According to Employee Benefit Research Institute (EBRI), workers with household incomes of $75,000 or more are more than twice as likely to say they feel they can handle an emergency expense than those with household incomes of less than $35,000. This report outlines the results of the 2022 survey that polled nearly 2700 Americans 25 and older.
Why are lower-income parents less likely to open an RESP account? The roles of literacy, education and wealth
Parents can save for their children's postsecondary education by opening and contributing to a Registered Education Savings Plan (RESP) account, which provides tax and other financial incentives designed to encourage participation (particularly among lower-income families). While the share of parents opening RESP accounts has increased steadily over time, as of 2016, participation rates remained more than twice as high among parents in the top income quartile (top 25%) compared with those in the bottom quartile. This study provides insight into the factors behind the gap in (RESP) participation between higher and lower-income families.
Earnings Inequality and the Gender Pay Gap in Canada
This study from Statistics Canada explores how increases in top earnings and the representation of women among top earners affect the overall gender earnings gap in Canada. Results show that even though the representation of women in top earnings groups increased from 1978 to 2015, their continued under-representation in these groups accounted for a substantial and growing share of the gender gap in total annual earnings.
Who pays? A Distributional Analysis of the Tax Systems in all 50 States
Who Pays: A Distributional Analysis of the Tax Systems in All Fifty States (the sixth edition of the report) is the only distributional analysis of tax systems in all 50 states and the District of Columbia. This comprehensive report assesses tax fairness by measuring effective state and local tax rates paid by all income groups. No two state tax systems are the same; this report provides detailed analyses of the features of every state tax code. It includes state-by-state profiles that provide baseline data to help lawmakers and the public understand how current tax policies affect taxpayers at all income levels.
