PUP-3002 Lecture Notes - Lecture 12: Aid To Families With Dependent Children, Earned Income Tax Credit, Poverty In The United States
Document Summary
Concepts: means-tested programs, poverty line, supplemental nutriion assistant program (food stamps), Welfare cons: people have to pay, abuse, against ideals, poverty culture. Federal poverty level: set by dhhs each year, based on 1955 formula: three imes the cost of groceries, same for lower 48 states-no cost of living variaions. Overall rates of poverty: us 13. 8% Naional academy of science new poverty formula proposed. Broader measure taking much more into account: cost of living-like medical costs for elderly, beneits already received, geographic variaions. Top 1% of u. s. earns 22% of all the income. How does being in poverty impact someones life. For the poor (not disabled or elderly: social security. We don"t all pay into a common welfare fund like social security: social security enitlement based on age, disability status, welfare programs based on need. Its an income redistribuion program : taxpayers subsidize the poor, less public support than social security. What major welfare programs does the federal government fund.
