income

“But it might make you think about tax time and whether the gift counts as income,” he adds.

And the IRS says that such donations can be deducted up to 60% of your adjusted gross income.

“I need to balance my family life and my family commitments, but then I also want to be able to work and bring an income,” she said.

"I think that will help the household income, residents' careers but also children's development," she said.

Middle- and working-class households tend to spend a bigger share of their income on food and utilities than their wealthier counterparts, meaning these price increases hit them harder.