Cash Transfers Work
11 days ago
- #cash-transfers
- #poverty
- #social-policy
- In 2023, the U.S. produced $28 trillion in goods and services, yet one in eight Americans lived in poverty.
- Existing programs like Social Security and tax credits lift millions out of poverty, but new cash-transfer programs show lackluster results.
- Recent studies found that unconditional cash transfers did not significantly improve mental health, employment, or child development outcomes.
- Despite disappointing results, cash transfers still provided recipients with more money for necessities like housing and food.
- Historical data shows that cash transfers, especially for children, have long-term benefits like improved health and education.
- High living costs and supply constraints limit the effectiveness of cash transfers in expensive areas.
- Simplified cash programs are more efficient and accessible than complex welfare initiatives.
- The temporary child allowance during the pandemic significantly reduced child poverty, highlighting the immediate benefits of cash aid.