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people on unequal graphic

Our approach to understanding economic inequality is organized around our community development focus areas: access to credit, workforce development and regional economic differences.

Podcast
May 10, 2023

Jeremy Hoffman of the Science Museum of Virginia and Toan Phan at the Federal Reserve Bank of Richmond share their research on the relationship between redlining and the risks of extreme heat and flooding. They also discuss other ways that the economy intersects with weather and the actions that communities can take to make themselves more resilient in the face of extreme weather threats.

Article
First Quarter 2023

The two most commonly used income benchmarks are the poverty threshold and area median income (AMI). This article discusses differences between them and how they are used to describe income dynamics in the context of the Fifth District.

Article
First Quarter 2023

While the poverty threshold and income relative to AMI are the two most commonly used measures for determining income eligibility for means-tested programs, researchers may consider additional thresholds against which to characterize the income of populations.