All articles tagged with #economic insecurity
A new rightwing populist party in Japan, Sanseito, has gained seats in the upper house election with a 'Japanese First' slogan, reflecting growing fears of foreign influence amid economic insecurity and cultural anxiety, despite Japan's low foreign-born population and reliance on foreign workers for economic growth.
The article highlights a global reproductive crisis where millions are unable to achieve their desired family size due to barriers like financial insecurity, environmental concerns, and lack of access to healthcare, emphasizing the need for a more equitable and supportive world to enable reproductive agency.
According to a Wall Street Journal/NORC poll, only 36% of voters believe that the American dream, the idea that hard work leads to success, still holds true, a significant decline from previous years. The survey reveals that Americans across the political spectrum are feeling economically fragile and uncertain about upward mobility. Half of the respondents believe that life in America is worse than it was 50 years ago, and half agree that the economic and political system is stacked against them. The sentiment of the American dream being out of reach is particularly strong among young adults and women. The poll also highlights a decline in optimism about the current economy, despite some improvement in ratings.
The child poverty rate in the U.S. has more than doubled in the year since pandemic benefits ended, according to Census Bureau data. The child poverty rate, which hit a historic low of 5.2% just a year ago, now stands at 12.4%, the same as the overall poverty rate. Experts attribute this rise to the end of the expanded child tax credit, which was a key factor in reducing poverty initially. The credit disproportionately benefits higher-income families, while low-income families lost out on this support when pandemic relief ended. The impact of the child tax credit on child poverty has sparked debate over reviving and expanding it, with Democrats pushing for its inclusion in tax negotiations. Several states have taken action to implement their own child tax credits to support low-income parents. Median household income also fell by 2.3% last year, while inflation outpaced wage gains, leading to economic insecurity for many Americans.