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Connecticut families that rely chiefly on minimum-wage jobs could effectively lose more than half of the pay hikes they will receive by mid-2023 due to the potential loss of state benefits, according to a new report from Connecticut Voices for Children. The New Haven-based policy think-tank is also urging state legislators to expand Medicaid eligibility, enact a new child tax credit and take other measures to help Connecticut’s poorest households save more over the next two years. “Increases in the minimum wage should not result in minimum wage workers having to use so much of their modest increase in earnings to compensate for losing governmental financial supports that help them meet their essential needs,” researchers Jaclyn Willner, Armelle Casau and Lauren Ruth wrote. “Over time, these hard-working families should be able to save money that can provide some cushion against sudden income loss and help them invest in educational opportunities, career-advan ....
Report: CT minimum wage hike could lead poor families to benefits cliff Keith M. Phaneuf, CTMirror.org FacebookTwitterEmail Connecticut families that rely chiefly on minimum-wage jobs could effectively lose more than half of the pay hikes they will receive by mid-2023 due to the potential loss of state benefits, according to a new report from Connecticut Voices for Children. The New Haven-based policy think-tank is also urging state legislators to expand Medicaid eligibility, enact a new child tax credit and take other measures to help Connecticut’s poorest households save more over the next two years. “Increases in the minimum wage should not result in minimum wage workers having to use so much of their modest increase in earnings to compensate for losing governmental financial supports that help them meet their essential needs,” researchers Jaclyn Willner, Armelle Casau and Lauren Ruth wrote. “Over time, these hard-working families should be ab ....
Report: CT minimum wage hike could lead poor families to 'benefits cliff' ctpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ctpost.com Daily Mail and Mail on Sunday newspapers.