Question

explain in the social security scheme for poverty education​

Answer 1

Answer:

Several poverty alleviation programmes in India meant to address poverty alleviation directly or indirectly have been launched by the incumbent government such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) – a financial inclusion scheme, the Pradhan Mantri Gramin Awaas Yojana – a housing scheme for the rural poor,

Answer 2

Answer:

In a recent study, researchers from the University of Chicago estimated Social Security’s effects on poverty. Using detailed data from a variety of sources, the researchers conclude that the program is more effective at reducing poverty than previously believed. The findings underscore the importance of Social Security for older Americans, and include valuable insights about how beneficiaries at different income levels rely on the program.

Key findings and takeaways include:

Social Security drastically reduced poverty for the elderly. Without income from Social Security, two thirds of the elderly would be considered poor. Social Security reduced the poverty rate to 16 percent in 2008.



That finding aligns with previous research showing that nearly the entire decline in the poverty rate among the elderly since the 1960s is due to Social Security.

In fact, Social Security reduced poverty significantly across almost all family types. Social Security is by far the largest government transfer program based on the number of households reached as well as the average benefit paid out to recipients. Around 65 percent of the dollars dispersed by the program go to those who would be considered poor without the transfer payment.

Retired workers account for the majority of the program’s recipients; however, 14 percent of beneficiaries are disabled workers and 17 percent are the survivors of deceased workers or spouses and children of retired workers. The researchers from the University of Chicago found that while Social Security reduced the rate of poverty among households with elderly residents by 75 percent, it also reduced poverty among households led by a disabled recipient by 33 percent. Those rates far exceeded reductions resulting from programs like the Earned Income Tax Credit (EITC), Housing Assistance, and the Supplemental Nutrition Assistance Program (SNAP).

Explanation:

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