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15 Cards in this Set

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  • Back
consumer price index (CPI)
a figured that is used to adjust the prices of goods and services for inflation
digital divide
the economic and social gaps between those who have computer skills and access to technology and those who don't
poverty
generally means that a household income is inadequate as judged by a specific standard
devolution
characterized by the devline of public support and government spending; early 90s
welfare reform
focused on two primary issues: labor force participation and responsibility for children
TANF
a block grant; states receive a fixed level of resources for income-support and work programs based on what they spent on these programs in 1994.
old age and survivors disability insurance (OASDI) aka Social Security
operated much like a private insurance program, employees and their employers contribute to a trust fund to be pulled back out at retirement
unemployment compensation
trust fund people can apply for when they have been involuntarily laid off
supplemental security income (SSI)
benefits funded from general revenues (local, state, fed) and are provided on the basis of the applicant's ability to prove need and fit into the category of persons targeted for help; it's never enough to bring a person out of poverty but brings them to an established standard
general assistance
a state and local public assistance inititative; no federal funds are used; payments are genearlly limited and for a short period of time
earned income tax credit (EITC)
passed in 1975, dramatic expansion in 96; basically supplements the income for all working poor up to incomes just under $30,000
medicaid
health care for the poor
individualist perspective
individual problems are the result of bad choices, personal dysfunction, and a culture of poverty
collectivist perspective
social problems reflect fundamnetal socioeconomic circumstances, barriers to access, and lack of opportunity
underclass
the lowest socioeconomic group in society, characterized by chronic poverty