Next Avenue, February 6, 2018: Prosperity in America? not for low-income people
In his State of the Union address, President Trump said “there has never been a better time to start living the American Dream.” But the new 2018 Prosperity Now Scorecard and its accompanying report says that isn’t so for low-income Americans.
“The system is, by just about all measures, stacked against those with low-incomes and low wealth for the benefit of the wealthiest,” says the report from the nonpartisan but left-leaning Prosperity Now nonprofit, which provides research and recommendations regarding Americans with limited incomes.
One example: low-income people are ineligible for federal programs such as SNAP (food stamps) and TANF (Temporary Assistance for Needy Families) if they amass “even modest savings,” the report noted. Prosperity Now calls policies like this “a roadblock on the path to saving.”