Tag: Earned Income Tax Credit (EITC)
To improve low-income households’ economic well-being, the social safety net provides both cash assistance and additional resources to support a better lifestyle – safer housing, more education or training, or healthy but expensive fresh fruits, vegetables, and meats. The health and employment benefits of three programs passed in the 1960s and 1970s – food stamps,…
This could help extend the work lives of older Americans. Older people need to work longer in order to ensure a secure retirement. Social Security will not replace as much pre-retirement income in the future as it does today, and employer-sponsored pensions also involve considerably more uncertainty given the shift from defined benefit to 401(k)…
