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During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen said that “Some low-income consumers are perhaps exhausting their buffers of saving[s] that they built up during the pandemic, we’re seeing a little bit more distress at the household level there.” But despite that, “we’ve got a good, strong economy” with “very strong domestic demand” that is “on a solid track” and “generally, households are in very good financial shape.” CNBC host Sara Eisen said, “I guess I’m just wondering if the economy continues to hold up, no matter what happens on the Fed.”

The Joe Biden regime has classified elite getaways, including Martha’s Vineyard, as “low-income” in an effort to qualify them for an electric vehicle (EV) charger subsidy program under the Inflation Reduction Act (IRA). The EV charger tax credit program was supposed to allocate subsidies to “low-income” or “non-urban” areas. An examination of the Department of Energy’s (DOE) eligibility map identified several upscale areas deemed “low-income” by the regime, allowing them to receive EV charger subsidies. To be seen as “low-income,” areas must either have a poverty rate of over 20 percent, a median income beneath 80 percent of their wider...

The Biden administration is classifying some of the country’s most elite and exclusive locales as “low-income” areas, making them eligible for electric vehicle (EV) charger subsidy programs. The administration’s EV charger tax credit program — made possible by the Inflation Reduction Act (IRA), President Joe Biden’s signature climate bill — is specifically designed to route subsidies to “low-income” or “non-urban” areas of the country. The “low-income” emphasis for eligibility aligns in spirit with the Biden administration’s wider pursuit of so-called “environmental justice,” which is effectively the combination of social justice ideology and green policy.Numerous elite hangouts and locales — including...

The Biden administration announced it is providing more than $830 million to help make low-income housing energy efficient using funds from the Inflation Reduction Act that passed last year. The White House said in a release on Thursday that the Department of Housing and Urban Development (HUD) is making the money available through a funding notice for the Inflation Reduction Act’s Green and Resilient Retrofit Program, which makes investments in energy and water efficiency, reducing greenhouse gas emissions, generating clean energy and implementing climate strategies in multifamily housing.

The Biden administration is facing fierce scrutiny for a proposal that would drastically reduce the amount of dairy low-income families have access to while inflation sits at a four-decade high

Despite $80 billion in new funding, the agency is living up to its reputation of hassling low-income taxpayers over rich people...On Wednesday, Syracuse University's Transactional Records Access Clearinghouse (TRAC) released data provided to it by the Internal Revenue Service (IRS) on audits performed by the agency in fiscal year 2022. Despite the infusion of new funding earmarked for the IRS via last year's Inflation Reduction Act, the agency continued historic trends of hassling primarily low-income taxpayers, with relatively few millionaires and billionaires getting caught up in the audit sweep."The taxpayer class with unbelievably high audit rates—five and a half times...

A program to give $500 monthly checks to low-income families of color in Oakland, California, has been criticized for explicitly excluding the 10,000 white residents living in poverty in the city.

SAN FRANCISCO -- A report out this week from the Department of Housing and Urban Development finds the median price for a single-family home in the Bay Area is now $935,000. A family earning $117,000 now qualifies as "low income" in the region. CBS News went to see California's red-hot housing market with realtor Larry Gallegos. He showed us a house you would think he couldn't give away. But Gallegos says the home, complete with leaks in the roof, sold for $1.23 million. The buyer beat out six competing offers, all above the asking price. "It's a little mind-blowing, but...

PATHS TO PROGRESS   Residents, who include formerly homeless people and those who were in foster care, pay low rent on houses that range from 250 to 400 square feet. After paying rent for seven years, they will be given the deeds to their homes. DETROIT—In 2013, when Keith McElvee got out of prison after a 12-year stint for a drug conviction, he returned to a neighborhood in northwest Detroit that he didn’t recognize. “This is like Beirut,” he thought. “Like a war zone.” Mr. McElvee is naturally gregarious and social-minded. Out of prison he struggled, but then found work...

If you're a millennial, it probably won't shock you to learn that the average salary of a millennial today is an estimated 20% lower than the average salary that a baby boomer had at the same age (in real terms). What's more, today's millennials are deeper in debt than their parents were at their age. Let's take a closer look at the average salary of a millennial. Millennial Earnings Before we can explore the average salary of a millennial we'll have to define our terms. So who counts as a millennial? Depending on who you ask, some will say that...

In Rochester, New York, the mayor is making a controversial change to the city’s law enforcement strategy. Normally when we’re talking about crime here I’m dealing with murders, sexual assaults and all of the truly horrible things which unfortunately happen. This one, however, has to do with traffic violations. Wait! Don’t stop reading yet… there’s a point to be made here.Mayor Lovely Warren is preparing to shut down the city’s system of automated red light cameras which record motorists running stop lights and are used to issue tickets. Her complaint isn’t that the cameras don’t work properly or are...

Any home where at least one person receives food stamps will be eligible for the new program, called Access from AT&T. The offering is part of an agreement AT&T (T, Tech30) made with the FCC as part of last year's DirectTV merger and will be available until 2020. The company is the latest to offer discounted internet to low-income households in the United States, joining Comcast (CCV), Google Fiber, and some local government and nonprofit. These programs help close the so-called "digital divide" for families who would otherwise be forced to rely on school connections or cell phones. A lack...

The president will propose in his 2017 budget next month that families who qualify for subsidized school meals be given a special electronic benefits card that will allow them to buy an additional $45 in groceries per child each month when school is out. ... The USDA, states and nonprofit groups have been trying for several years now to figure out how to boost participation in a summer feeding program. They've experimented with offering free meals at camps and libraries, where children are likely to show up. And they're using food trucks to deliver meals to more remote areas. ......

The chief environmental regulator in the United States had some blunt words of reality regarding the administration’s climate change regulations. The Clean Power Plan that will require drastic cuts in 47 states’ carbon dioxide emissions – consequently shifting America’s energy economy away from affordable, reliable coal – will adversely impact poor, minority families the most. When speaking about the higher energy prices caused by the administration’s climate regulations on power plants, Environmental Protection Agency Administrator Gina McCarthy said, “We know that low-income minority communities would be hardest hit.”

<p>“I don’t think you’re going to see duplexes and triplexes in the single-family areas, not from this council,” Nick Licata said. “They’re getting roughed up for it out there. It isn’t worth it.”</p> <p>Interesting. Maybe the spirit of Emmett Watson is still with us after all?</p>

An African-American millionaire can buy a home in any expensive suburb. Color is no longer a barrier. Despite this progress, President Obama’s Department of Housing and Urban Development is accusing expensive towns of racism, simply because most minorities can’t afford to live there. Westchester County has struggled under a federal monitor since 2009 to compel the county to build multi-unit affordable housing in the county’s most expensive areas. Hillary Clinton claims to be a warrior against inequality. But her adopted hometown of Chappaqua is battling HUD’s demands — and that means it’s fighting the man believed to top Hillary’s veep...

“All we're saying is we're not going to deport you," was the big lie President Barack Obama used when he announced his executive action on immigration. Despite being repeated time and again by politicians and the media during the DHS funding debate to describe the president’s action, it’s still a lie. To quote an analysis of the President’s speech published by Associated Press within hours, “THE FACTS: He's saying, and doing, more than that. The changes also will make those covered eligible for work permits, allowing them to be employed in the country legally and compete with citizens and legal...

Our kids, at least many of them, are not doing very well. The reason, writes Harvard professor Robert Putnam in his just-published "Our Kids: The American Dream in Crisis," is the "two-tier pattern of family structure" that emerged in the 1970s and 1980s and continues to prevail today. Starting in the late 1960s, rates of divorce, unmarried births and single parenthood rose sharply among all segments of society. About a decade later, they fell and leveled off among the college-educated, who almost entirely raise their kids in Ozzie-and-Harriet style families today (except that Mom usually works outside the home). Among...

The odds are stacked against low-income Americans seeking the education they need to move up. Chelsey Stone had already escaped so many of the traps that keep poor children in poverty for life. She recalls begging neighbors for dinner when her mother sold their food stamps for drug money. She slept on the trampoline outside when the heroin showed up and her mom locked the door and the binges began. When she rebelled as a teenager, it was with poster board: She plastered her house with bright signs warning, “Do Not Throw Needles Away Here.” Her teachers saw that spark....

In his newspaper blog, Battle Creek Enquirer reporter Justin Hinkley stated that because school choice doesn't provide transportation, low-income families often are unable to access choice while wealthier families take advantage and leave their home districts. "That's turned some schools into ghettos of poverty," Hinkley wrote. However, a 2013 study on Michigan charter public schools done by Stanford University, and a recently released study by the Mackinac Center for Public Policy proves Hinkley's claim is wrong. The Stanford University study found that charter public schools had significantly more "economically disadvantaged" students than traditional public schools. Dev Davis, research manager at...