Means-Tested Government Programs Tend to Reduce Saving

question 127

Essay

Means-tested government programs tend to reduce saving. What are means-tested programs and how do they reduce saving?

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Definitions:

Republican Supporters

Individuals or groups that endorse the Republican Party, its candidates, or its principles, typically in the context of U.S. politics.

Deport

To forcibly remove a person from a country, typically based on legal grounds or as a consequence of violating immigration laws.

Recession

An interval of brief economic contraction characterized by diminished trade and industrial output, usually noted by a decline in GDP for two successive quarters.