A safety net’s poverty trap
What would you do if you could only save $2,000?
Explain It to Me · Vox
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Show Notes
What if you weren’t allowed to have more than $2,000 at any given time? Could you make it work? For people who receive Supplemental Security Income, this isn’t a what-if — it’s reality. SSI beneficiaries are subject to strict requirements and risk losing their benefits if they have more than $2,000 in financial assets, even if they exceed that by just a dollar. Why is the limit so low, and is anything being done to fix it? That’s today on The Weeds.
Read More:
Tyler (@tylerlimaroope) | TikTok
The Case for Updating SSI Asset Limits | Center on Budget and Policy Priorities
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Credits:
Jonquilyn Hill, host
Sofi LaLonde, producer
Cristian Ayala, engineer
A.M. Hall, editorial director of talk podcasts
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