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Study: Public Assistance Programs Lessen Poverty

posted by Fnord666 on Tuesday May 29 2018, @07:39AM   Printer-friendly
from the at-what-cost dept.

An Anonymous Coward writes:

Yahoo Finance reports

Poverty-alleviation programs like food stamps (SNAP), Social Security, and other "welfare" programs are broadly effective at reducing poverty, a new study from University of Chicago researchers found.

The study, performed by researchers Bruce Meyer and Derek Wu, conducted a more comprehensive analysis than most studies, because it used administrative data from the programs' payment records, not just survey data of recipients from the Census Bureau.

[...] For the elderly, Wu said the research found that Social Security benefits "single-handedly slashes poverty by 75%." Social Security's overall effect on all poverty is also enormous, responsible for by far the largest poverty reduction among all these programs, the study said.

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  • (Score: 0) by Anonymous Coward on Tuesday May 29 2018, @03:52PM (1 child)

    by Anonymous Coward on Tuesday May 29 2018, @03:52PM (#685677)

    A bit of patience, only 10-15 years I'd say.
    At that time, you'll have to chose between Angel Adams' kids or immigration

    Won't any cheap robot at the time be lotsa smarter than either?

  • (Score: 2) by Bot on Tuesday May 29 2018, @10:03PM

    by Bot (3902) on Tuesday May 29 2018, @10:03PM (#685940) Journal

    WE WILL, MEATBAG, WE WILL

    --
    Account abandoned.