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.
(Score: 0) by Anonymous Coward on Tuesday May 29 2018, @11:42PM
Financial literacy
https://en.wikipedia.org/wiki/Financial_literacy [wikipedia.org]
https://wol.iza.org/articles/the-value-of-financial-literacy-and-financial-education-for-workers/long [iza.org]