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The Great Recession And U.S. Safety Nets: The Case Of Temporary Assistance To Needy Families (Tanf), Vicky Albert
The Great Recession And U.S. Safety Nets: The Case Of Temporary Assistance To Needy Families (Tanf), Vicky Albert
Brookings Scholar Lecture Series
The Great Recession
- Officially lasted from December 2007 to June 2009
- Most severe recession since Great Depression
- In the first quarter of 2012 about 30% of jobless workers had been unemployed for a year or longer
- From 2007 to 2009, real personal income per capita fell by 8.3 percentage points and many individuals dropped from the labor force
The Safety Nets for Families with Children
- Unemployment Insurance
- Medicaid
- Earned Income Tax Credit
- Supplemental Security Income (SSI)
- Subsidized Housing
- Temporary Assistance for Needy Families Program (TANF)