By 2020, nearly all Americans will be eligible for the earned income tax credit.
That means they can save money on their taxes by getting a job, starting a business or saving for retirement.
But some Americans aren’t working right now.
While the number of Americans who work part-time or are not in the labor force has grown from around 14 million in 2010 to 21 million in 2020, the number working part- time has remained roughly the same.
And there’s no clear reason for this.
Some economists say part-timers are lazy or uninterested in working, or don’t have the skills to do it.
But other economists argue that part-timer work is a vital part of the American economy and the jobs it provides.
For example, in the last quarter of 2016, workers who were part- times or not in full-time work reported that they had saved more than $2,000 over the course of their careers, according to the Bureau of Labor Statistics.
In the last four years, the share of part- and full- time workers who say they have saved more has increased from 32 percent in 2015 to 39 percent in 2020.
This chart from the Bureau shows that part time workers are saving more than half of their income.
Source: Bureau of Labour Statistics.
Inflation-adjusted, annual hourly earnings for full- and part-times workers in the United States in 2020:The Bureau of Employment Statistics reports that full-timer workers made an average of $21,000 in 2016, up from $16,400 in 2015.
Part-timed workers made a median of $19,300, up 5.4 percent from $19.600 in 2015, and non-full-time workers made $18,300.
Source of data: Bureau and NBER.