May 8 2018

Los Angeles Times – New evidence shows that our anti-poverty programs, especially Social Security, work well

…Few U.S. government efforts are consistently more vilified than anti-poverty programs. They’re dismissed as ineffective and ridiculed as giveaways to undeserving recipients. A new paper puts the lie to these assertions by showing that the nation’s most important anti-poverty efforts all succeed in serving their goals — in the case of Social Security, spectacularly. The authors, Bruce D. Meyer and Derek Wu of the University of Chicago, used administrative statistics from six major programs to demonstrate that five of the six “sharply reduce deep poverty” (that is, income below 50% of the federal poverty line) and the sixth has a “pronounced” impact among the working poor…

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