Jeehoon Han News Today

Using consumption poverty instead of income poverty as their measurement tool, researchers from the University of Notre Dame, the University of Chicago ...

New evidence complicates the leading narrative around short-term benefits of the expanded child tax credit.

On welfare reform’s 25th anniversary, experts ponder how to measure success

© iStock Two new Federal Reserve reports lend strong support to the resilience of the economy despite the COVID-19 pandemic and its recession. The first report, on the economic well-being of U.S. households, shows that most people enjoyed continuing well-being in 2020.The executive report of the broader survey is here; this discussion is based on their more focused results. The second report, an update of the distribution of wealth of U.S. households since 1989, shows that wealth rose rapidl...

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That cash infusion led the U.S. poverty rate to fall to 11.3% in January, from 11.8% in December, according to Bruce Meyer, James Sullivan and Jeehoon Han, who co-authored the report. That means about 1.6 million people fell from the ranks of the poor as the government began distributing payments. The reduction marks a turnaround from the growing hardship that emerged after CARES Act pandemic relief began to dry up last year. More than 8 million people fell into poverty between June and Decembe...

Please verify your request* Advertisement More than 8 million people fell into poverty in the U.S. in the second half of 2020, according to a group of economists who say they have developed a new way to provide “near-real-time” estimates using Census data. In an analysis released last week, the economists – Jeehoon Han of Zhejiang University, Bruce D. Meyer of the University of Chicago, and James X. Sullivan of the University of Notre Dame – said that the poverty rate fell in ...

U.S. poverty jumps the most in 60 years By Megan Cerullo One-quarter of Americans in poverty or jobless Of the various measures of the coronavirus pandemics comet strike on the U.S. economy, one especially reveals the size of the crater: Over a six-month period, nearly 8 million Americans have tumbled into poverty. The nations poverty rate in November jumped to 11.7%, up 2.4 percentage points from 9.6% in June — the biggest one-year increase in the 60 years that the gove...

ADVERTISEMENT THE BIG DEAL—Sweeping COVID-19, spending deal hits speed bumps: Negotiations over a $900 billion coronavirus relief bill are running into 11th-hour snags, threatening to push Congress into a rare weekend session. Lawmakers had hoped to clinch a sweeping deal, which would also fund the government through Oct. 1, on Wednesday after the top four congressional leaders signaled that they were closing in on an agreement following months of stalemate.  But instead, lawmakers and staf...