Compared with all mothers with children under age 18, married mothers who out-earn their husbands are slightly older, disproportionally white and college educated. Single mothers, by contrast, are younger, more likely to be black or Hispanic, and less likely to have a college degree. A new Pew Research Center survey finds that the public remains of two minds about the gains mothers have made in the workplace—most recognize the clear economic benefits to families, but many voice concerns about the toll that having a working mother may take on children or even marriage. At the same time, two-thirds say it has made it easier for families to live comfortably.
Social Security is overly generous to one-earner families and penalizes two-earner families. I reached this conclusion based on the information I learned from the book. When Social Security first started in the s, one-earner families were the norm.
Husband worked; wife stayed at home. Now, two-earner families are the norm: They are still operating in the world as if one-earner families are the norm.
Couple One is the traditional one-earner family. They both reached their full retirement age at 66 this year. Couple Two is the now-usual two-earner family. Both worked full time. Husband earned a little more due to gender wage gap; wife earned a little less. They also both reached their full retirement age at 66 this year.
When we add the income from both husband and wife, Couple One and Couple Two had identical income: When they filed their taxes jointly, both couples paid the same amount of income taxes.
Although both couples had identical income before and after taxes, Couple One had a better life. Their children had better grades because mom had more time to help. They ate more healthily and their homes were better taken care of because the wife had more time at home.
Even Social Security treats Couple One better when they reached retirement age. The gap only grows larger after one spouse dies.This income percentile calculator contains income brackets for the United States for all individual earners in the workforce. Enter an annual income and we’ll estimate where it fell in US income brackets.
Whether government should redistribute income is a normative question, and each person’s answer will depend on his or her values. But for many people, answering the normative question requires understanding the facts about the current income distribution.
May 30, · Four in 10 American households with children under age 18 now include a mother who is either the sole or primary earner for her family, The median family income for single mothers — .
Most of us don't like to talk about death or even think about it. But isn’t it comforting to know that Social Security has survivors benefits to protect families who are affected by the death of a wage earner?
you were eligible for Single Income Family Supplement (SIFS) on 30 June and have stayed eligible since; have an eligible child in your care, and. Household income is an economic measure that can be applied to one household, or aggregated across a large group such as a county, city, or the whole country.
It is commonly used by the United States government and private institutions to describe a household's economic status or to track economic trends in the US.