Brief How Have Asset Policies for Cash Welfare and Food Stamps Changed since the 1990s?
Signe-Mary McKernan, William Margrabe
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Cash welfare and food stamps are means tested: assets and income must fall below set limits for families to qualify. While this ensures that benefits go to the neediest families, asset limits may also discourage asset building. This Opportunity and Ownership fact sheet examines allowance changes for restricted and unrestricted accounts at the federal and state level. It tracks the different allowances for IDAs, food stamps, and welfare programs from 1992 to 2003.
Research Areas Wealth and financial well-being Social safety net Taxes and budgets
Tags Low-Income Home Energy Assistance Program (LIHEAP) Asset and debts Temporary Assistance for Needy Families (TANF) State programs, budgets Hunger and food assistance State and local tax issues Federal budget and economy Supplemental Nutrition Assistance Program (SNAP) Opportunity and ownership
Policy Centers Income and Benefits Policy Center