Since 1966, the poverty rate among the elderly has dropped from about 30 percent to 8.9 percent. Which two social programs were most responsible for this change

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05-07-2022
Social Studies

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Since 1966, the poverty rate among the elderly has dropped from about 30 percent to 8.9 percent. Which two social programs were most responsible for this change

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tutorconsortium206 tutorconsortium206 · Answer 1 · 2022-07-16T11:48:50-04:00

Social security and Medicare are the two social programs were most responsible for this change.

How do Medicare and Social Security interact with one another?

The federal government developed the programs Medicare and Social Security. In addition to providing income during your retirement years, Social Security also protects your income in the event of a disability. If you are disabled or retired, Medicare offers medical insurance.

The law requires you to pay into Social Security and Medicare with a portion of your wages. The financial contribution needed to support these initiatives is substantial; fortunately, BJC pays for half of it on your behalf.

Your wages must be greater than the Social Security Wage Base to continue receiving Social Security benefits.

Learn more about Social security and Medicare with the help of the given link:

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Since 1966, the poverty rate among the elderly has dropped from about 30 percent to 8.9 percent. Which two social programs were most responsible for this change

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How do Medicare and Social Security interact with one another?

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