Most low-income and middle-income households struggle to accumulate wealth because they save a small share of income, pay higher interest rates on debt, cannot effectively utilize interest deductions due to tax law structures, and hold savings in low-interest-bearing accounts.

Authors

• Person: Eugene Steuerle Organization: Milken Review
  Taxes, Government Transfers and Wealth Inequality

Sources

• Taxes, Government Transfers and Wealth Inequality www.milkenreview.org Eugene Steuerle · Milken Review via serper

Referenced by nodes (4)

• wealth accumulation concept
• interest rates concept
• debt concept
• tax law concept