Material Hardship among Lower-Income Households: The Role of Liquid Assets and Place

Mathieu R. Despard, Valerie Taing, Addie Weaver, Stephen Roll, Michal Grinstein-Weiss

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

Abstract

Lower income households are at risk for material hardship, particularly amidst the economic fallout of COVID-19. Where one lives (e.g., suburb, small town) may affect this risk due to variable access to resources, yet the evidence is mixed concerning the influence of place. We used a pooled, national cross-sectional sample of 66,046 lower-income tax filers to examine differences in material hardship in rural, small town, micropolitan, and urban areas. Controlling only for standard demographic variables, hardship risk appears higher in non-urban areas, yet these differences disappear after controlling for financial characteristics such as liquid assets and home ownership.

Original languageEnglish
Pages (from-to)361-384
Number of pages24
JournalJournal of Poverty
Volume26
Issue number5
DOIs
StatePublished - 1 Jan 2022
Externally publishedYes

Keywords

  • Material hardship
  • assets
  • poverty
  • rural
  • urbanicity

ASJC Scopus subject areas

  • Demography
  • Sociology and Political Science

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