Fed Survey Shows Link Between Childhood Poverty, Adult Economic Challenges
“’Broadly speaking, children who grow up in insecure circumstances, those often experienced in poverty, seem disproportionately likely to experience financial insecurity as adults,’ Ms. Yellen in welcoming remarks prepared for delivery Thursday morning.
Ms. Yellen didn’t comment on the economic outlook or monetary policy.
The data come from the Fed’s Survey of Household Economics and Decisionmaking, which will be released later this spring.”