chapter 5 Flashcards
2 approaches to poverty
- role of government
2. distribution of wealth
absolute poverty
does household net fall above or below predetermined line that government calculates
relative poverty
measure of household income relative to average income in a specific area
means testing
- definition
- ex
- must meet poverty criteria to be eligible for it
- food stamps
wealth
- definition
- ex
group of assets that a person or family hold that has monetary value
-real state, property, stocks
income
measure of annual pay that comes from a product of labor
what is more unequal? wealth or income
wealth
majority of wealth owned by
about 10% of population
women earn ___ cents on the male dollar
77
deserving poor
-undeserving poor
- children, disabled people, widows, seniors
- able bodies
Elizabethan poor laws
government decided that poor people needed to be addressed by community
new deal developed 2 things
- social insurance
2. public assistance
social insurance
-public assistance is for who?
- payroll deductions
- deserving poor
temporary assistance for needy families (TANF)
provides states with block grants
-community service or vocational training
medicaid
provides federal matching funds to states to cover the costs of medical care and services for low income people