Low-income households
Coverage of Low-income households in the Nexus archive.
- Health department rescind freeze on $10 billion for 5 Democratic states
The health department reversed a freeze on $10 billion in funding for five Democratic states after facing legal setbacks in a lawsuit. The decision prevents potential jeopardy to programs supporting low-income households.
- City of Houston to provide financial assistance for garbage-related fee
The City of Houston will offer financial assistance for garbage-related fees to older residents, low-income households, and people with disabilities.
- Low-income households face ‘remarkable’ rise in food insecurity in K-shaped economy: New York Fed
Low-income households in the U.S. are experiencing a significant rise in food insecurity, driven by a K-shaped economy. The Federal Reserve Bank of New York attributes this trend to growing economic disparities, with many Americans feeling worse off due to the crisis.
- K-shaped economy is showing up at the gas pump: NY Fed
Low-income households are reducing gas consumption due to surging prices, while wealthier households remain unaffected. The NY Fed reports a K-shaped economy at gas pumps. This indicates a disparity in spending habits between different income groups.
- K-shaped economy is real, per New York Fed research
The Federal Reserve Bank of New York confirms the existence of a K-shaped economy, where high-income households drive spending growth due to wealth gains from financial assets, while low-income households struggle with inflation. The divergence in spending patterns since 2023 highlights economic fragility and risks linked to market corrections.