50 Years After the War on Poverty, Will the Middle Class Become the New Poor?

January 8, 2014  |  Fifty years ago today, LBJ threw down the gauntlet on poverty in his famous State of the Union address of 1964 [3]. Fired with passion and buoyed by bipartisan support, his anti-poverty team kicked off new health insurance programs for the old and the poor, increased Social Security, established food stamps and nutritional supplements for low-income pregnant women and infants, and started programs to give more young people a chance to succeed, like Head Start and Job Corps.

 

Americans have greatly benefited from big-picture economic changes like the minimum wage; investments in worker training and education; civil rights policies; social insurance; and programs like food stamps and Medicaid. As Georgetown University’s Peter Edelman pointed out in the New York Times, without these programs, research shows that poverty would be nearly double [4] what it is today. According to economist Jared Bernstein, Social Security alone has reduced the official elderly poverty rate [5] from 44 percent, which it would be without benefits, to 9 percent with them.