Monday, September 17, 2007

Let the poor save for their future

While asset tests for public assistance programs are meant to prevent fraud, they send a dangerous message to low-income families: Do not save.

Read the commentary in the Christian Science Monitor here.


At 8:38 PM, Blogger John C said...

It's the same thing with anything involving 401K, windfall like tax returns, etc.

There's plenty of people who liquidate accounts, buy gold, and put it in safe deposit boxes...or cash in mattresses still to this day.

What's worse is the better educated a person gets, they become more aware to keep information away and not ask questions that could cause case managers with Medicaid or Food Stamps to red flag their case and delve further, prompting longer time periods that give local offices more chances of dropping cases wrongfully...and recipients never able to reclaim lost benefits due to ignorance.


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