Explain It to Me A safety net’s poverty trap
4 snips
Mar 27, 2024 Exploring the challenges of managing finances under the $2,000 asset limit for SSI beneficiaries; discussing the proposed bill to update limits and public response; introducing Able Accounts as a solution to asset cap challenges for individuals with disabilities; highlighting the need to raise asset limits for disability savings accounts; addressing frustrations with legislative barriers.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 3min
Financial Struggles of Individuals with Disabilities
02:40 • 6min
Engagement with Proposed Bill and Understanding of Supplemental Security Income
09:03 • 6min
Navigating Asset Limits in the SSI Program
14:59 • 8min
Evolution of Social Security Benefits and Introduction of Able Accounts for Individuals with Disabilities
22:38 • 4min
Raising Asset Limits for Disability Savings Accounts
26:59 • 7min
Navigating Financial Constraints and Legislative Hurdles
33:48 • 3min