About 10 percent of children live in households with a Social Security program beneficiary or are beneficiaries themselves. Many have low incomes limiting the resources available to spend on caring for these children. The Child Tax Credit (CTC) expansion in 2021 increased income for many households and reduced poverty dramatically for children. Children in Social Security beneficiary households stood to gain as CTC benefit receipt did not affect Social Security payments. In fact, poverty fell substantially for these children, however, there were disparities based on demographic characteristics, geography, and Social Security program type.
On this April 11, 2023 webinar we explore this topic with researchers, Madelaine L’Esperance, Jevay Grooms, Tim Smeeding, and Shogher Ohanessian as well as discussant Jessica Pac, Co-Director of UW-Madison’s Center for Child Welfare Policy & Practice.
A study was conducted by Asset Funders Network (AFN) and the University of Wisconsin-Madison Center for Financial Security (CFS) to better understand the transition to remote services among financial capability and asset building (FCAB) programs, which includes financial education, counseling, coaching, emergency assistance, benefits navigation, housing supports, workforce development, and other related services. A full report, six regional briefs, and a webinar are available. Visit the AFN website and project landing page for all materials and regional briefs.
Lack of health insurance and underinsurance threaten the near term and long-term economic security of households approaching retirement. For lower income households near retirement but not yet eligible for Medicare, Medicaid may reduce financial hardship caused by medical bills, improve savings for retirement, and change use of Social Security benefits. Whether Medicaid significantly improves the financial health of households near retirement informs how Social Security beneficiaries will fare once they reach retirement.
This January 31, 2023 webinar explores this topic with the researchers, Katie Fitzpatrick, Associate Professor & MPP Program Director at Biden School of Public Policy & Administration at the University of Delaware, and Keisha Solomon, Research Scientist in the Department of Economics at Howard University. Webinar discussants include Kabir Dasgupta, Senior Economist at the Federal Reserve, and Caroline Gomez-Tom, Outreach Specialist with Covering Wisconsin.
Mortality rates for working age adults without a college degree have increased in recent years, driven by rising ‘deaths of despair’ including drug overdose mortality. At the same time, demand for Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) programs among working age adults have increased in recent decades. Research suggests that fading economic opportunities—such as the decline of manufacturing employment—may explain an important portion of these worrisome trends.