2 Days
Source:
The Fiscal Times
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U.S. Poverty Trap Challenges
The article discusses how the federal government's Supplemental Security Income (SSI) program, which provides financial assistance to low-income elderly, blind, or disabled Americans, has remained largely unchanged since 1984, with a $2,000 resource limit that acts as a poverty trap. Despite bipartisan support and proposed legislation to raise the limit, congressional action has stalled, partly due to political factors and lack of constituency interest. Recent policy changes, including increased account verification, have made it harder for recipients to save money without losing benefits.
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