White Paper

Saving Penalties Push Families Deeper Into Poverty

This report from Prosperity Now provides information about why creating savings penalties towards welfare programs such as SNAP and SSI actually harm families instead of aiding them. Studies have shown that low-income families with savings are able to more easily handle financial shocks. Most states are in the process of eliminating savings penalties due to the fact that eliminating them reduces administrative costs and caseloads.
Source
Partner Resources
Topics/Subtopics
Supportive Services
SNAP/Food Assistance
TANF Program Administration
TANF Policy and Legislation
Policy
Publication Date
2018-06-01
Section/Feed Type
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