11 January 2014

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

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.

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