________ account for the sharp decrease in poverty rates for older people since the 1950s.

Question

Quizplus · Accepted Answer

Social Security programs have played a significant role in the reduction of poverty rates for older people since the 1950s. The Social Security Act of 1935 established a system of old-age benefits, providing a safety net for retired workers. Social Security benefits are adjusted for inflation, providing a guaranteed source of income for older Americans. In addition, the introduction of Medicare in 1965, which provides health insurance coverage for individuals over the age of 65, has also contributed to the reduction in poverty rates for older people. While private pensions and earning have also played a role, it is the Social Security programs that have had the most significant impact on reducing poverty rates for older Americans.

________ Account for the Sharp Decrease in Poverty Rates for Older