Ways To Reduce Poverty In America

In the last several years, the poverty rate has increased throughout America. In 2015 a whopping 43.1 million people ascended into poverty (ObamaCare). 14.5 percent of Americans lived below the poverty line, which was $24,250 for a family of four in 2015. In fact, 6.1 percent of people fell below half the poverty line, which is $12,125 for a family of four in 2015 (ObamaCare). As a result, many Americans suffer from malnutrition, and a lack of good health and education, which has a big effect on America's economy and society. 14.5 million children under the age 18 in the U.S fell below the poverty line in 2015 (ObamaCare). At this given moment in time, an 8-year-old boy can be sitting in his classroom suffering from starvation because his parents cannot afford to buy enough food for him and his
The amount of EITC benefit depends on a recipient's income and number of children. The maximum amount that a family could receive annually through this program is currently around $6,000 (Hungerford and Thiess). This would mainly benefit middle to low income household who don’t make much money and have children. According to Thiess and Hungerford, “Proponents of raising the Earned Income Tax Credit say that doing so would more effectively aid low-income families than raising the minimum wage”. Another solution for decreasing poverty throughout America is increasing The Child Income Tax credit. CTC is a pre conceived to offset the many expenses of raising a child. Many parents can benefit from this because this program gives them extra money to take care of their children. EITC and CTC can help many individuals with children drastically, reduces poverty significantly, with children constituting half of the individuals it lifts out of poverty (Thiess and