This Thanksgiving, Americans across the country can be thankful for four critical programs that helped keep nearly 26 million people out of poverty in 2011, including three social insurance programs: Social Security, unemployment insurance (UI), and workers' compensation, and a related program, Supplemental Security Income (SSI).
Millions of people struggling to make ends meet will continue to do so this holiday season, even as the sluggish recovery begins to speed up. Despite a steady—but slow—decline in the number of unemployed workers, October 2012 marked the 46th consecutive month that the unemployment rate has been over 7.8 percent. [1] Additionally, more than one in seven people, including more than one in five children, lived in poverty in 2011. [2] But thanks to a few key programs, the number of Americans living in poverty is nearly 26 million less than it would have been without them.
Working together, Social Security, UI, workers' compensation, and SSI kept 25.7 million people out of poverty in 2011, [3] including:
Social Security alone lifted more than 21.4 million people out of poverty in 2011, including:
UI alone lifted nearly 2.3 million people out of poverty in 2011, including:
Workers’ compensation alone lifted 114,000 people out of poverty in 2011, including:
SSI alone lifted more than 2.0 million people out of poverty in 2011 [4], including:
To learn more about how these programs help millions of people and their families:
[1] U.S. Department of Labor, Bureau of Labor Statistics, Labor Force Statistics from the Current Population Survey, Table A-1, http://www.bls.gov/news.release/empsit.nr0.htm.
[2] U.S. Census Bureau, Income, Poverty, and Health Insurance Coverage in the United States: 2011 – Report and Detailed Tables (2012), http://www.census.gov/hhes/www/poverty/data/incpovhlth/2011/index.html.
[3] NASI calculations based on U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement (2012) (using CPS Table Creator II), http://www.census.gov/cps/data/cpstablecreator.html. Individual program numbers do not equal total because some households needed more than one program to raise income above the poverty threshold.
[4] Note that this figure may underrepresent the number of individuals receiving SSI, because individuals who are interviewed for the Current Population Survey often do not report receiving SSI. For more information, see: Wiseman, Michael, and Nicholas, Joyce. “Elderly Poverty and Supplemental Security Income, 2002-2005.” Social Security Bulletin. Vol. 70, No. 2, 2010, 1-2, http://www.ssa.gov/policy/docs/ssb/v70n2/v70n2p1.html.
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— Robert on November 20, 2012
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