Chapter 34 - Assignment 1: Trends in Poverty rates
Examine the U.S. Census Bureau's graph depicting trends in poverty rates by age during the years 1959-1995.
- During what period did poverty rates decline most rapidly (for all age groups)? What occurred during this period that might explain this?
- Which group experienced the largest decline in poverty rates during this period?
- For which age range has there been the smallest reduction in poverty rates?
- The federal government has recently moved to tax the major part of social security benefits for higher-income retired individuals. Does this graph provide any information that could be used either for or against such a program? As part of your discussion, provide arguments for and against applying some form of means-testing on social insurance programs.
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