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Economic Policy

Supplemental Security Income

What Is Supplemental Security Income – Benefits & How to Apply

The Supplemental Security Income program (SSI) is a need-based program run by the U.S. Social Security Administration that assists people with limited income due to disabling health issues or advanced age. Learn what Supplemental Security Income benefits are, who qualifies, and how to apply.
Entitlement Program Reform

How Can We Reform U.S. Entitlement Programs? – Social Security, Medicare...

Entitlement programs regularly come up during discussions about the federal budget and national debt. Reforming these programs is wildly complex and often controversial. Learn about the leading proposals for how we can reform U.S. entitlement programs such as Social Security, Medicare, and Medicaid.
Universal Basic Income

What Is Universal Basic Income (UBI) – Definition & History by...

There have been all kinds of proposals to deal with the problem of global poverty. But lately, more people are looking at a much simpler approach: Just give people money. This idea — simply making cash payments to everyone — is called universal basic income. But what is it, and does it work?
Jobs Letters Magazine Cut Outs Corkboard Thumbtack

Top 27 Recession-Proof Jobs & Careers – Do They Exist?

There’s no such thing as a 100% recession-proof job. But as you prepare for the next recession, keep these recession-resistant jobs in mind. Now may be the perfect moment to switch careers, both to boost your income and protect your career in the event of a global recession.
Covid Stimulus Money Cash

Second COVID-19 Economic Stimulus Payment – Eligibility & How to Get...

The U.S. government is sending another round of COVID-19 stimulus payments. The vast majority of American adults and children are eligible, but not everyone qualifies. Find out if and how you’ll receive your stimulus payment — and most important of all, when.
Paycheck Protection Program Application Form

Paycheck Protection Program (PPP) – Guide for Small-Business Owners

The Small Business Administration is disbursing up to $349 billion in low-interest forgivable loans to many American small businesses, freelancers, and nonprofits through the Paycheck Protection Program. Find out if you qualify and how to apply before the money runs out.
Holding Penny In Palm Hand

Should We Get Rid of the Penny? – 8 Reasons to...

Pennies are so close to worthless that many people argue it’s time to do away with them altogether. Others argue that eliminating the one-cent coin could be harmful. Should we get rid of the penny? Find out the main arguments for keeping it and for eliminating it and decide for yourself.
Tax The Rich Wealth Sign

Wealth Tax – What It Is, Pros & Cons of Current...

During the 2020 presidential primary, multiple candidates drew attention to the concept of a wealth tax. While wealth taxes can come in many forms, there’s a lot of misinformation and misunderstanding about them. Find out how they work and who they really impact.
Marijuana Legalization Federal Government

Should the Federal Government Legalize Marijuana? – Pros & Cons

As more and more U.S. states join Canada in legalizing cannabis use, the momentum appears to be on cannabis legalization advocates’ side. Should the federal government legalize marijuana? Learn the pros and cons and the potential impacts legalization would have on the federal budget and economy.
Living Wage Minimum Income

What Is a Living Wage? – Minimum Income for Basic Needs...

At the heart of the minimum wage debate is the question of what really amounts to a living wage. The question is how much America’s workers need to feed their families, pay their bills, and keep a roof over their heads. And as it turns out, that’s not at all a simple question to answer.
Taxes Keyboard Megaphone Announcement

7 Facts About U.S. Federal Income Taxes You Should Know –...

Taxes consume a lot of our money, and they’re a popular topic among politicians and economic analysts alike. Phrases like “marginal tax rate,” “universal basic income,” and “Medicare for All” are hot topics these days. But what do they mean? These quick tax facts will help keep you informed.
Gross Domestic Product Gdp Cash Pile

What Is Gross Domestic Product (GDP) – Definition & Calculations

Gross domestic product (GDP) is one of the most common measures of the economy for any nation. It is an important calculation but doesn’t always tell the whole story. Read on for a primer about what gross domestic product is, how it’s calculated, its limitations, and why GDP should matter to you.