Indicator Map: Percent of Owner Occupied Housing Units in P.R. with No Mortgage 2000
Indicator Map: Percent of Owner Occupied Housing Units in P.R. with No Mortgage 2000
Author: Grupo CNE
Indicator Map: Percent of P.R. Households Receiving Public Assistance: 2000
Indicator Map: Percent of P.R. Households Receiving Public Assistance: 2000
Indicator Map: Percent of Individuals in P.R. Under Poverty 2000
Indicator Map: Percent of Individuals in P.R. Under Poverty 2000
Indicators: Selected P.R. Employment Tables 1991- 2003
Indicators: Selected P.R. Employment Tables 1991- 2003
CNE Conference on Asset-Building and Economic Development
On Friday, October 8, 2004, the Center for the New Economy, in partnership with the Puerto Rico Bankers Association, hosted a half-day conference entitled: “Financial Services, Asset-Building and Economic Development: New Public Policy Perspectives for Puerto Rico”. The activity was held at the Banker’s Club, located in the Popular Center Building in Hato Rey.The purpose Read More
Channeling People Into the Economic Mainstream: Financial Access in Puerto Rico
A significant segment of the Puerto Rican population, 36%, is unbanked. These households tend to be extremely poor, with an average income of $8,472, and headed by older single unemployed females with a less than average education. Close to 50% of all unbanked households are located in the greater San Juan area. This lack of financial access precludes unbanked households from enjoying benefits associated with asset accumulation which exist in addition to the benefits conferred by the ability to defer consumption and creates a major obstacle for the implementation of asset-based policies to reduce poverty in Puerto Rico.
Reaping the Benefits of Work: A Tax Credit for Low-Income Working Families in Puerto Rico
Puerto Rico has to overhaul its anti-poverty strategy, moving away from programs that create dependency towards programs that promote self- sufficiency. Current government welfare programs are particularly ill-designed for working poor families. Moreover, regressive excise and Social Security taxes are detrimental to low-income families trying to make ends meet. An Earned Income Tax Credit Program is a promising route towards improving the standard of living of Puerto Ricoā€™s low-income working families.