Tag: Social Security
The notion in policy circles that governments should provide in-kind benefits, rather than cash, is often framed as being impractical or even unfair. The proponents of cash payments argue that people should be able to choose how they spend their money. A new paper presents the opposite side: Sometimes people are better off with in-kind…
Social Security reduces poverty, stabilizes household finances, and can even support a beneficiary’s extended family. But drill down to a single month in the life of a low-income retiree or someone on Social Security disability, and a picture of hardship comes through. Researcher Madelaine L’Esperance at the University of Alabama found that financial problems build…
