CHN has issued a new report, “Towards Shared Recovery” that addresses the effects of the recession as well as the steps that we will need to take to recover from a year of job losses, foreclosures, health care displacement due to job loss and more. The report provides a comparison between current social safety net programs and ones employed in prior recessions and provides recommendations for policymakers in order to soften the impact of the recession.
Our government safety net is not like it was in the '80's. Many poor are left without any programs to act as a basic cash assistance safety net. Today only 40% of eligible families actually receive cash assistance. This is the first recession in decades with both a weakened unemployment insurance system and a dramatically smaller cash assistance safety net.
The report, Recession Could Cause Large Increases in Poverty and Push Millions into Deep Poverty, can be found at: www.cbpp.org/11-24-08pov.pdf
Thursday, December 11, 2008
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