Many small - business owners fall below what some people call the «
security poverty line.»
Not exact matches
Currently, about 8 percent of Social
Security beneficiaries age 62 and older live in
poverty, and 13 percent of beneficiaries have incomes less than 125 percent of the
poverty line.
That's why Kuala Lumpur complemented a traditional
security approach with introducing a minimum wage that according to the World Bank nearly eradicated
poverty: one per cent of Malaysians live beneath the
poverty line compared to 20 % of Brits.
It is worth noting that while people under age 65 in the U.S. live in a heavily market - dominated economy where poor employment outcomes mean
poverty and a lack of access to health care, almost everyone over age 65 has most of their healthcare paid for by Medicare, (a FICA tax financed, single payer system that pays providers more or less the same rates as private insurance companies and has few cost controls), more than half of their nursing home costs paid by Medicaid, (which is stingy in how much it pays providers and moderately means tested), and receives enough of a guaranteed income from the combination of Social
Security and SSI payments to keep the
poverty rate for people age 65 +, (even if they have no retirement savings of their own), above the
poverty line, regardless of the state of the local economy.
May the souls of all
security officers particularly, police officers who died in
line of duties yet no presidential donations and TrustFunds were established in their memories to take care of their wives and children who are wallowing in abject
poverty rest in peace.
Children whose parents are employed full time are less likely to live below the
poverty line, but earning a wage was no guarantee of economic
security in 2015, according to NCCP research.
Retirement is only part of the social
security scheme, and in many countries retirement SS benefits have nothing to do with the salary or taxes withheld, but rather with the current
poverty line in the country.
The Social
Security Act (1935)-- During the depression, more than half of senior citizens were living below the
poverty line.