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September 10, 2024
Event: New Census Data on American Families’ Economic Well-Being
Event Summary On September 10, AEI’s Center on Opportunity and Social Mobility gathered leading experts to analyze the new poverty and economic numbers from the US Census Bureau for 2023. AEI’s Kevin Corinth began by summarizing the data’s main findings. Median household income rose, and the official poverty measure (OPM) showed that poverty declined while…
August 30, 2024
Harris’s Child Tax Credit Plan Punishes Working Families
Vice President Kamala Harris recently announced an economic plan for her presidential campaign. A centerpiece is the transformation of the Child Tax Credit (CTC) into a child allowance. If it became reality, the policy would discourage parental employment and risk harming the long-run prospects of children. These unintended consequences together with the plan’s cost should…
August 26, 2024
Vouching for Self-Sufficiency
It’s hard to sympathize with the Parkoff Organization, the New York real estate firm that owns some 4,000 apartments across the city. According to a new lawsuit, housing “testers” caught the group discriminating against potential tenants whose rent would have been subsidized by housing vouchers. The Fair Housing Justice Center (FHJC), which brought the suit, claims that Parkoff…
August 24, 2024
Harris’s Child Tax Credit Proposal Could Backfire, Perpetuating Poverty
A centerpiece of Vice President Harris’ newly released economic plan is a revamped Child Tax Credit, which would send families $6,000 for each newborn and up to $3,600 for older children, up from the existing $2,000 per child credit. Her proposal follows Vice Presidential candidate J.D. Vance’s recent call to increase the credit to $5,000…
August 23, 2024
Can Kamala Harris Learn the Housing Lessons from Her Own History?
In a biographical aside in her Thursday night nomination-acceptance speech, Kamala Harris spoke eloquently, and perhaps inadvertently, about “affordable housing” policy. She recalled the neighborhood in the East Bay where her mother rented an apartment: In the Bay, you either live in the hills or the flatlands. We lived in the flats — A beautiful, working-class neighborhood…
August 18, 2024
Why NYC’s Most Affordable Housing May Already Be Available
Mayor Adams’ ambitious rezoning proposal he calls the “City of Yes” — aimed at encouraging new housing construction throughout the five boroughs — is filled with commonsense ideas such as permitting apartments to be built above storefronts and relaxing the expensive requirements for new parking. Adams, in many ways, is harkening back to the golden…
August 16, 2024
The Harris Campaign’s Foolish Down-Payment-Assistance Scheme
On the surface, Kamala Harris’s proposal to provide $25,000 in down-payment assistance to first-time homebuyers looks to be an incentive for upward mobility. Historically, homeownership has been the foundation for wealth creation for those of modest means. On closer inspection, however, down-payment assistance sends the wrong message — not only because already high home prices are likely to…
June 20, 2024
The War on Poverty at 60: Lessons to Inform the Future
Event Summary On June 20, AEI’s Center on Opportunity and Social Mobility convened two panels to discuss the 60th anniversary of President Lyndon B. Johnson’s War on Poverty. The first panel examined poverty measurement. Panelists agreed that the official poverty measure is outdated and should no longer be used by government agencies. David Johnson from…
June 18, 2024
Economic Opportunity and Social Mobility
Years ago, I worked at the Pew Charitable Trusts on something called the Economic Mobility Project. In 2009, we commissioned a survey covering opportunity, mobility, and the American Dream. One revealing question we asked was the following: The term American Dream means different things to different people. Here are some ways some people have described…