Three reasons young Israeli adults may face catastrophic, long-term financial burden from COVID-19

Press Release: September 25, 2020 The potentially catastrophic, long-term financial impacts of COVID-19 on young adults are highlighted in the Socioeconomic Impacts of COVID-19 Survey[1] in Israel, which was administered between June 4 and July 1 by the Social Policy Institute at Washington University in St. Louis in partnership with Mastercard. The survey results found […]

A different dialogue: Lifting up community voices

community photo

By: Sarah Cowart, communications manager for Social Policy Institute; Pamela Chan, associate director for Social Policy Institute, and Daniel Barker, director of research and knowledge, Mastercard Center for Inclusive Growth If you attended “Building an Inclusive Economy” on October 7 with the Social Policy Institute at Washington University in St. Louis (SPI) and Mastercard Center […]

Women in St. Louis worry about their careers as they step back to care for their families (Links to an external site)

St. Louis Public Radio highlighted survey results from Social Policy Institute’s Socioeconomic Impacts of COVID-19 Survey in the U.S. to elevate evidence that child care concerns are driving job losses and the ability to return to work during the pandemic. Atia Thurman, associate director from the Clark-Fox Policy Institute at Washington University added commentary about policy solutions.

SPI introduces new program with Brown School for students interested in data and statistics

Data and statistics are foundational to policy research and practice. As Social Policy Institute continues to grow, developing opportunities for people to increase knowledge and skills in these areas is a focus of our organization. One example of how we are doing this is a new opportunity led by the Brown School at Washington University in St. Louis and Social Policy Institute: Data and Statistics for Policy Practice.

Emergency savings are a potential lifeline for households in financial distress due to COVID-19

Many U.S. households have lost a job and/or income due to the COVID-19 pandemic. These types of losses can influence an individual’s level of life satisfaction and thus, their overall health and well-being. One possible strategy to mitigate the impacts of economic volatility for U.S. individuals and households is to build a rainy-day fund. A […]

Hardship is greatest among vulnerable Israelis already struggling financially

By: Olga Kondratjeva, data analyst III, Social Policy Institute; Michal Grinstein-Weiss, director, Social Policy Institute; Talia Schwartz-Tayri, researcher, Ben-Gurion University of the Negev; John Gal, professor, The Paul Baerwald School of Social Work and Social Welfare, The Hebrew University of Jerusalem; senior researcher, the Taub Center for Social Policy Studies in Israel; & Stephen Roll, […]

Research found 16% of job loss or layoffs reported payment difficulties

The story below is a translation from an article printed in Hebrew in Israel Today, the largest newspaper in Israel, on Oct. 5, 2020. A new study published here for the first time examined the effect of the first lockdown on households using 2,300 Israelis from June 4 to early July. The data show that […]

The world will no longer belong to the young: 18 – 39-year-olds were financially affected the worst from the Coronavirus

This story was written by Tali Heruti-Sover and originally published on Oct. 1, 2020 in The Marker in Israel. According to a study conducted by Prof. Michal Grinstein-Weiss at the beginning of the crisis, young people, generations Y and Z, suffer from high unemployment, have difficulty providing basic needs for themselves and their debts are large

Safe, affordable child care is a right, not a privilege

As the United States nears the seventh month of weathering COVID-19’s impact, it has become clear that the economy will not recover simply by encouraging businesses to re-open or consumers to keep shopping. Working adults with children are being disproportionately affected by COVID-19 and will continue to struggle without stronger federal and state support for child care.

Michal Grinstein-Weiss and Marla Blow: Masks aren’t the only answer to keeping workers safe (Links to an external site)

Michal Grinstein-Weiss, director, SPI, and Marla Blow, vice president, Center for Inclusive Growth, co-author an op-ed highlighting the need for better workplace policies to mitigate exposure to COVID-19. “By addressing longstanding inequalities that have undervalued essential workers, these measures would ensure that no one is put in a position of choosing health over a paycheck.”

Quarantine Envy Got You Down? You’re Not Alone (Links to an external site)

Some groups may also be better than others at resisting envy. A recent Brookings Institution study showed that African-American and Hispanic people, especially those with low incomes, remained more optimistic than their white counterparts, despite facing physical and economic challenges from the pandemic.

Pandemic boosts urgency of housing instability (Links to an external site)

The Columbian features SPI data in a story about housing hardship. “Nationally, a survey of low- to moderate-income households, conducted by the Social Policy Institute at Washington University in St. Louis, found that individuals are facing increased hardships such as evictions, delayed rent or mortgage payments, or unexpected utility payments and home repairs during the pandemic.”

Gig work can be a lifeline, but it may be disappearing for those that need it

When you think of gig work—types of work where online apps and platforms allow workers to get paid for a range of services including ride-sharing, home repairs, art sales, and property rental—you might imagine a flexible job that enables anyone to earn income. If you have a reliable car and a smartphone, you can download […]

The impact of tax refund delays on the experience of hardship and unsecured debt

The Earned Income Tax Credit (EITC) provides substantial financial support to low-income workers, yet around a quarter of EITC payments are estimated to be erroneous or fraudulent. Beginning in 2017, the Protecting Americans from Tax Hikes Act of 2015 requires the Internal Revenue Service to spend additional time processing early EITC claims, delaying the issuance of tax refunds. Leveraging unique data, we investigate how delayed tax refunds affected the experience of hardship and unsecured debt among EITC recipients. We find that early filers experienced increased food insecurity relative to later filers after the implementation of the refund delay.

Housing Hardships Reach Unprecedented Heights during the COVID-19 Pandemic

SPI research, published on Brookings Institution: Groundbreaking data from a new large-scale, nationally-representative survey of low- and moderate-income (LMI) households administered by the Social Policy Institute at Washington University in St. Louis in April of 2020 suggests that individuals have been facing increased housing hardship such as evictions, delayed rent or mortgage payments, and unexpected utility payments and home repairs during the pandemic.

Messaging matters when it comes to COVID-19 economic impact payments

The way policymakers and financial capability practitioners communicate about the CARES economic impact payments and other current or future payments may help guide households to use these benefits in the way best suited to their financial situation. This is important because while some households may use the CARES payments to pay down debt and other households may be fortunate enough to be able to save their payments, others will need these payments to simply make ends meet.

Inspired by father who survived Holocaust, Wash U professor aims to help north St. Louis residents (Links to an external site)

Michal Grinstein-Weiss understands how trauma can have a lasting effect. Her father, Slomo Grinstein, survived the Holocaust by spending years hiding in the woods of Poland while his family was killed at concentration camps. “He always struggled a little bit between jobs — and [the Holocaust] doesn’t leave anyone, and he was never able to fully recover from the trauma,” said Grinstein-Weiss, who grew up in Israel and moved to St. Louis in 1999 to pursue a doctorate in social work. Now she’s the director of the Social Policy Institute at Wash U and working to research and develop policy to help black families in north St. Louis who have been disproportionately affected by the coronavirus.

We don’t need a map to tell us who COVID-19 hits the hardest in St. Louis

We don’t need a map to tell us that policymakers, health officials, corporations, and St. Louis residents themselves must continue to break down economic barriers to create partnerships and solutions that support the most vulnerable in our city – those who were already facing a disproportionate social, financial, and health burden prior to COVID-19 entering their lives.

What tax refunds tell us about how households might use economic impact payments

While economic impact payments are different than a tax refund, we can be fairly confident, based on this research, that in this moment of emergency, payments from CARES Act will be used on essential purchases. It is also possible households will allocate their economic impact payments to clear debt entirely or to make a minimum payment in order to keep some liquid assets in checking or savings.

Financial Well-being: Measuring Financial Perceptions and Experiences in Low- and Moderate- Income Households (Links to an external site)

Abstract As the gig economy plays an increasingly important role in the labor market, there is a need to understand the economic factors that influence participation in this sector. In this paper, we investigate how saving the federal tax refund affects gig economy participation for low-income online tax filers in the six months following tax […]

Research Wire (Links to an external site)

Bufe, S., Roll, S. P., Kondratjeva, O., Hardy, B., & Grinstein-Weiss, M. (2019). Does Savings Affect Participation in the Gig Economy? Evidence from a Tax Refund Field Experiment (SPI Working Paper 19-1). St. Louis, MO: Washington University, Social Policy Institute.