Skip to main content
Back

Polices to Reduce Poverty definitions

Control buttons has been changed to "navigation" mode.
1/15
  • Minimum Wage
    A mandated lowest hourly pay employers must offer, acting as a price floor to boost earnings for low-income workers.
  • Price Floor
    A government-imposed minimum allowable price, preventing prices from falling below a set level, such as in labor markets.
  • Welfare
    A government program providing cash payments to supplement income for those in financial need, often with eligibility limits.
  • Negative Income Tax
    A system where low-income individuals receive payments from the government instead of paying taxes, creating a subsidy effect.
  • Earned Income Tax Credit
    A U.S. program offering tax refunds to low-income workers, functioning similarly to a negative income tax.
  • In-kind Transfers
    Non-cash benefits provided by the government, such as food vouchers or free healthcare, to support those in poverty.
  • Food Stamps
    Government-issued vouchers redeemable for food, ensuring access to nutrition for low-income households.
  • Medicaid
    A U.S. government program offering free or subsidized healthcare services to individuals with limited income.
  • Subsidy
    Financial assistance from the government to reduce costs for individuals or families, often tied to income levels.
  • Anti-poverty Programs
    Government initiatives designed to alleviate poverty through income support, subsidies, or non-cash benefits.
  • Disincentive
    A factor that reduces motivation to work, often arising when government benefits outweigh potential earnings.
  • Standard of Living
    The level of material comfort and well-being experienced by individuals, influenced by income and access to services.
  • Obamacare
    A U.S. healthcare reform that expanded subsidies for low-income families but sometimes reduced benefits as earnings increased.
  • Threshold
    A specific income level at which individuals transition from receiving government subsidies to paying taxes.
  • Cash Payments
    Direct monetary assistance provided by the government to individuals in need, often through welfare programs.