Wednesday, September 12, 2018

Social Security, food stamps, and other programs kept 44 million people out of poverty last year

Income from the safety net programs directly kept 44.9 million people out of poverty in 2017. That’s 200,000 more people compared to 2016. Of all the social safety net programs, Social Security had the biggest impact last year, keeping 27 million people above the poverty level, which was $12,060 for an individual in 2017. Refundable tax credits, such as the earned income tax credit, helped another 8.3 million people. Food stamps, disability insurance, and housing subsidies each kept about 3 million people from falling into poverty. Read More