Monday, November 9, 2015
FOOD STAMPS FIGHT POVERTY BETTER THAN WE THOUGHT
A new study suggests that programs like food stamps and housing vouchers cut poverty by almost twice as much as we thought they did. According to standard census numbers, the poverty rate in New York from 2008 to 2011 was 13.6%, before taking these programs into account. Food Stamps, TANF, state-level general assistance programs, and housing aid dropped that down to 10.8%. But the study, which uses non-census government data, suggests the real number was even lower: a mere 8.3%. If that's true, then the estimated poverty-fighting power of these safety net programs has been dramatically understated for years.
Source: Vox, 10/27/15, SNAP Power