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

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: 3, Informative) by VanessaE on Wednesday May 30 2018, @03:26AM

    by VanessaE (3396) <vanessa.e.dannenberg@gmail.com> on Wednesday May 30 2018, @03:26AM (#686072) Journal

    ....which is why the fundies who follow that crap can go fuck themselves with a rusty flagpole, no lube.

    I'm poor, though I don't look it because I'm careful with how I spend my money, but I will not hesitate to say that I'm a good person. I'll just leave it at that.

    No, G*d doesn't foist poverty on people. The rich do that by controlling access to all the resources they can, and the true dregs of society handle the rest by just shoving the poor out of sight as much as possible.

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