In order to rank these cities, MagnifyMoney analyzed data from the Joint Center of Housing Studies for median rent and the Economic Policy Institute. To find the estimated take-home pay after payroll tax, MagnifyMoney assumed 16% withholding in Social Security, Federal Insurance Contributions Act (FICA), Medicare and federal income tax.
CNBC
March 4, 2020
“There’s a lot of turnover in a low wage labor market,” Heidi Shierholz, senior economist and director of policy at the left-leaning Economic Policy Institute (EPI), told Yahoo Finance. “So if we have an employment decline in a labor market like that, it doesn’t necessarily mean people are getting pink slips. You have people going in and out of jobs, so there are fewer jobs. It just means that people spend a little more time looking for jobs than they otherwise would have. But then when they do get the jobs, they make a lot more money.”
Yahoo News
March 4, 2020
New analysis of the latest census data by Capital & Main (a nonprofit news organization where I serve as publisher) and the Economic Policy Institute has found that growth in median household income, adjusted for inflation, fell in 48 of the 50 states during Trump’s first two years in office compared with the last two years of Barack Obama’s presidency. Nationally, median household income grew at a rate of just 2.7% in Trump’s first two years, compared with a 5.8% growth rate in Obama’s last two years.
The Spokesmam-Review
March 4, 2020
That means earning $44,714 in Dutchess, $45,039 Orange, $59,611 in Putnam, $58,305 in Rockland, $38,958 in Sullivan, $41,580 in Ulster and $48,036 in Westchester counties, according to the Economic Policy Institute, a nonprofit research group. The EPI considers everything from health care to transportation costs.
Times Herald-Record
March 4, 2020
In a study released last month, the Economic Policy Institute (EPI) found that American families spend approximately $42 billion annually on child care for their children. That figure does not include the $34 billion spent by federal and state governments on child care support systems, services, and subsidies. According to EPI, parents of young children forgo $30 to 35 billion each year in income due to the high cost of early childhood care and education, a figure that translates into an estimated $4.2 billion in lost federal tax revenue.
“Despite what we heard at the State of the Union, the truth is that this economy is not performing well for most Americans,” said EPI President Thea Lee. “At this point in the business cycle, wage and income growth for working households should be accelerating, not slowing.”
Salon
March 4, 2020
But unlike the rest of the country, North Carolina has also seen a growth in the percentage of people living in or near poverty. The proportion of people living below twice the poverty level – $41,560 for a family of three in 2018 – grew to 33 percent between 2016 and 2018, a 2.6 percentage point increase, according to the D.C.-based Economic Policy Institute. (Nationally, the percentage living below twice the poverty level declined by 0.9 percent during the same period.)
Capital & Main
March 4, 2020
New analysis of the latest census data by Capital & Main (a nonprofit news organization where I serve as publisher) and the Economic Policy Institute has found that growth in median household income, adjusted for inflation, fell in 48 of the 50 states during Trump’s first two years in office compared to the last two years of Barack Obama’s presidency. Nationally, median household income grew at a rate of just 2.7% in Trump’s first two years, compared to a 5.8% growth rate in Obama’s last two years.
Omaha World-Herald
March 4, 2020
Middle-class incomes grew about 5.8% per year during Obama’s last two years in office before slowing to 2.7% from during Trump’s first two years in office, according to a new analysis by the progressive think-tank Economic Policy Institute (EPI) and investigative news outlet Capital & Main. The income data were adjusted for inflation. All but two states saw real wages fall during that time period.
Truthout
March 4, 2020
For a 4-year-old, the annual cost for pre-K is $6,764 in Michigan, or $564 each month, according to the Economic Policy Institute, a nonpartisan think tank in Washington, D.C. That’s over 10% of the median household income in Michigan in 2019, according to the U.S. Census Bureau.
Spartan Newsroom
March 4, 2020