Welfare

The term welfare refers to a range of government programs that provide financial or other aid to individuals or groups who cannot support themselves. Welfare programs are typically funded by taxpayers and allow people to cope with financial stress during rough periods of their lives. In most cases, people who use welfare will receive a biweekly or monthly payment. The goals of welfare vary, as it looks to promote the pursuance of work, education, or, in some instances, a better standard of living.

Are you enjoying this newsletter? Forward this link to share financial terms in today's investing news with a fellow friend or colleague today.

RELATED READING

What's In the Biden, McCarthy Debt Ceiling Agreement

In a major step toward averting the debt ceiling crisis, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement to raise the national borrowing limit for two years. Read more

Work Requirements Wouldn’t Dent Federal Budget

For politicians looking to save taxpayers money, adding work requirements to Medicaid and other social programs would do next to nothing, according to analysis from the Congressional Budget Office. Read more

U.S. Debt Ceiling Talks Don't Seem Personal to Americans

Fewer than half of registered voters think a default on the U.S. debt obligations would significantly impact their personal finances, but economists disagree. Read more

Debt Ceiling Agreement Could Lead to Market Volatility

A tentative agreement between President Joe Biden and House Speaker Kevin McCarthy could lead to a stock market rally. Read more