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Politics : Formerly About Advanced Micro Devices
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To: steve harris who wrote (759012)12/21/2013 11:26:10 AM
From: Wharf Rat  Read Replies (1) of 1578510
 
It would be a lot higher without SS and MC.
"When did this happen? "
A long, long time ago I can still remember how that music used to make me smile; happy days are here again.

Social Security is the Most Effective Anti-Poverty Program in the U.S., In One Chart

Posted July 30, 2013 at 12:05 pm by Elise Gould

Tomorrow, the U.S. House Committee on the Budget is holding a hearing on the progress of the War on Poverty. While the United States is still slowly recovering from the worst recession since the Great Depression, fortunately this time around government safety net programs have been in place to keep more people from falling into poverty. The Supplemental Poverty Measure (SPM) shows the strength of the government to mitigate the incidence of poverty.

As the figure below shows, Social Security is, by far, the most effective anti-poverty program in the United States. Without Social Security, an additional 8.3 percent of Americans, or over 25 million more people, would fall below the SPM poverty threshold. Refundable tax credits, such as the Earned Income Tax Credit, kept 2.5 percent, or nearly 8 million Americans above the SPM poverty threshold. Other programs such as SNAP (food stamps), unemployment insurance, Supplemental Security Income, and housing subsidies also have a significant impact on the ability of families to stay afloat.





Source: http://www.census.gov/hhes/povmeas/methodology/supplemental/research/
Short_ResearchSPM2011.pdf



epi.org
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