Low-income and middle-income households often fail to accumulate wealth because they save a small share of their income, pay higher interest rates when borrowing, cannot effectively utilize interest deductions due to tax law structures, and hold savings in forms that yield low or negative interest.

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 (2)

• wealth accumulation concept
• tax law concept