The EITC is a federal income tax credit for working individuals and families with low to moderate incomes. It is a refundable credit, meaning that even if the taxpayer has no federal income tax liability, he or she will receive a refund.
Young adults pay over $3 for every dollar borrowed. (Center for Responsible Lending)
Female-headed families have the lowest family earnings among family types. On average female-headed households earn 30 percent less than their counterparts without children (U.S. Department of Commerce)
28 percent of working women who were unmarried with children had incomes below the poverty line in 2009 (U.S. Department of Commerce)
At all levels of education, women earn about 75 percent of what their male counterparts earned in 2009 (U.S. Department of Commerce)
In 2009 alone, foreclosures will cause 69.5 million nearby homes to suffer price declines averaging $7,200 per home and resulting in a $502 billion total decline in property values. (Center for Responsible Lending)
During the period 2009-2012, the Center for Responsible Lending projects that foreclosures will cost 92 million U.S. families some $1.9 trillion in lower home values--an average of $20,300 in lost wealth per household. (Center for Responsible Lending)
12 million Americans are caught in a cycle of 400 percent interest payday lending debt every year. (Center for Responsible Lending)
