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15 Cards in this Set
- Front
- Back
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consumer price index (CPI)
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a figured that is used to adjust the prices of goods and services for inflation
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digital divide
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the economic and social gaps between those who have computer skills and access to technology and those who don't
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poverty
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generally means that a household income is inadequate as judged by a specific standard
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devolution
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characterized by the devline of public support and government spending; early 90s
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welfare reform
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focused on two primary issues: labor force participation and responsibility for children
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TANF
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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.
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old age and survivors disability insurance (OASDI) aka Social Security
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operated much like a private insurance program, employees and their employers contribute to a trust fund to be pulled back out at retirement
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unemployment compensation
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trust fund people can apply for when they have been involuntarily laid off
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supplemental security income (SSI)
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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
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general assistance
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a state and local public assistance inititative; no federal funds are used; payments are genearlly limited and for a short period of time
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earned income tax credit (EITC)
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passed in 1975, dramatic expansion in 96; basically supplements the income for all working poor up to incomes just under $30,000
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medicaid
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health care for the poor
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individualist perspective
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individual problems are the result of bad choices, personal dysfunction, and a culture of poverty
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collectivist perspective
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social problems reflect fundamnetal socioeconomic circumstances, barriers to access, and lack of opportunity
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underclass
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the lowest socioeconomic group in society, characterized by chronic poverty
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