scholarly journals Walking a Tightrope: Using Financial Diaries to Investigate Day-to-Day Financial Decisions and the Social Safety Net of the Financially Excluded

2020 ◽  
Vol 689 (1) ◽  
pp. 46-64
Author(s):  
Olga Biosca ◽  
Neil McHugh ◽  
Fatma Ibrahim ◽  
Rachel Baker ◽  
Tim Laxton ◽  
...  
Keyword(s):  
Social Networks ◽  
Low Income ◽  
Financial Services ◽  
Safety Net ◽  
Social Safety Net ◽  
Short Term ◽  
Financial Decisions ◽  
Financial Exclusion ◽  
The Social

Financially vulnerable, low-income individuals are more likely to experience financial exclusion as they are unable to access financial services that meet their needs. How do they cope with economic instability, and what is the role of social networks in their coping strategies? Using financial diaries, we explore the day-to-day monetary transactions (n = 16,889) of forty-five low-to-moderate income individuals with restricted access to mainstream lending in Glasgow, UK, over a six-month period. Our sample includes users of microcredit and financial advice, as well as nonusers of these services. Findings reveal that informal lending to avoid the pernicious effects of short-term illiquidity was pervasive among these individuals. However, taking informal loans often strains valuable social capital and keeps people from building up a formal credit footprint. Our findings suggest that financially vulnerable populations would benefit from policies that focus on alternative financial mechanisms to help stabilize income-insecure individuals in the short-term.

Securing the Safety Net: Lessons From Nonprofit Organizations on TANF Access During COVID-19

2021 ◽  
pp. 104438942110295
Author(s):  
Stephanie Holcomb ◽  
Jessica L. Roman ◽  
Sabrina Rodriguez ◽  
Andrea Hetling
Keyword(s):  
Nonprofit Organizations ◽  
Low Income ◽  
Protective Layer ◽  
Safety Net ◽  
Public Agencies ◽  
Social Safety Net ◽  
Assistance Programs ◽  
The Social ◽  
Low Income Families ◽  
Temporary Assistance

The functioning of the U.S. social safety net as a support for low-income families depends on various means-tested programs and a system of both public agencies and nonprofit organizations. Using in-depth interviews ( n = 5) and a survey of nonprofit employees ( n = 73), we seek to understand the role of nonprofits in promoting equitable access to the Temporary Assistance for Needy Families (TANF) program. Our findings reveal that public assistance programs are a necessary support for families, but that access is not always easy or equitable, and nonprofits form a protective layer of support providing resources and guidance for those most in need. Implications for policy and partnerships between the various components of the social safety net are discussed.

scholarly journals The Great Recession and the Social Safety Net

2013 ◽  
Vol 650 (1) ◽  
pp. 143-166 ◽  
Author(s):  
Robert A. Moffitt
Keyword(s):  
Income Distribution ◽  
Low Income ◽  
Great Recession ◽  
Poverty Line ◽  
Safety Net ◽  
Social Safety Net ◽  
Demographic Groups ◽  
The Great Recession ◽  
The Social ◽  
Per Capita

The social safety net responded in significant and favorable ways during the Great Recession. Aggregate per capita expenditures in safety net programs grew significantly, with particularly strong growth in the SNAP, EITC, UI, and Medicaid programs. The increase in transfers was widely shared across demographic groups, including families with and without children, and single-parent and two-parent families. Transfers grew as well among families with more employed members and with fewer employed members. In the low-income population, however, the increase in transfer amounts was not strongly progressive across income classes, with transfers to those just below or above the poverty line increasing slightly, compared to those at the bottom of the income distribution. This was mainly because of the EITC program, which provides greater benefits to those with higher family earnings. The expansions of SNAP and UI benefitted those at the bottom of the income distribution to a greater extent.

scholarly journals Highways to Hell? Paths Towards the Formal Financial Exclusion: Empirical Lessons of the Households from Northern Hungary

2021 ◽  
Author(s):  
Márton Gosztonyi ◽  
Dániel Havran
Keyword(s):  
Financial Services ◽  
Sem Analysis ◽  
High Ratio ◽  
Short Term ◽  
Everyday Activities ◽  
Underdeveloped Area ◽  
Banking Service ◽  
Financial Exclusion ◽  
The Social ◽  
Debt Collection

AbstractWhenever a household faces lack of banking payment services and access to funding, it often constraints their everyday activities and the chance to avail the financial services again. Our study explores the possible explanations of why a household becomes financially excluded in an underdeveloped area of Northern Hungary. By using a questionnaire (n = 502) in the spring of 2019, we conducted a covariance-based SEM analysis for detecting the key reasons. We find that the low level of income, high ratio of financial problems and high intensity of short-term borrowings equally and directly contribute to the financial exclusion of the households. Furthermore, we could not confirm any direct effects of the banking service availability, although bank services significantly influence an intermediary factor, which is the increasing repayment problem in the social environment. Our results verify the responsibility of the regulation in lending and debt collection to achieve a better social policy.

scholarly journals MASALAH KESEJAHTERAAN SOSIAL MIGRAN

Sosio Informa ◽  
2007 ◽  
Vol 8 (2) ◽  
Author(s):  
Nina Karinina
Keyword(s):  
Social Welfare ◽  
Social Services ◽  
Low Income ◽  
Low Cost ◽  
Safety Net ◽  
Social Safety Net ◽  
The Social ◽  
Rice Price ◽  
Children Education

This paper concerned with the condition of the social welfare problems of the low incomemigrants living in Prawirodirjan Yogyakarta. The case study of that migrants showed that theirmain social welfare problems related to low income for supporting their family , such as children education fee, and inappropriate house to stay. Although they tried to cope with those problems, but most of them had no successful yet. Social services both from local and national government had not been specially programmed for them. Nevertheless, some of them gained several services which were integrated in public social welfare programmes through "social safety net programmes" in the form of health services, school fee , low cost rice price, etc.Key Words: empowering, social welfare, migrant.

The U.S. Welfare State Is Minimal

2021 ◽  
pp. 99-105
Author(s):  
Mark Robert Rank ◽  
Lawrence M. Eppard ◽  
Heather E. Bullock
Keyword(s):  
United States ◽  
Welfare State ◽  
Low Income ◽  
Safety Net ◽  
The United States ◽  
Social Safety Net ◽  
Welfare Benefits ◽  
The Social ◽  
Welfare Expenditures ◽  
The U.S

Chapter 13 examines the size of the social safety net in the United States. Compared with European and other OECD countries, the United States has a fairly small safety net. The amount spent is approximately 2 percent of our GDP. In particular, programs aimed at protecting children from poverty are minimal. These programs have also been reduced over time, especially since the 1996 welfare reform changes. Challenging the myth of the bloated welfare state requires tackling multiple intersecting misperceptions, including erroneous portrayals of U.S. welfare expenditures as exorbitant and low-income programs as driving up the national debt. It will also require shattering myths that legitimize keeping welfare benefits low.

Justifying Social Inequalities: The Role of Social Darwinism

2020 ◽  
Vol 46 (7) ◽  
pp. 1139-1155 ◽  
Author(s):  
Laurie A. Rudman ◽  
Lina H. Saud
Keyword(s):  
Social Inequalities ◽  
Social Dominance Orientation ◽  
Safety Net ◽  
Social Darwinism ◽  
Social Safety Net ◽  
Human Welfare ◽  
Social Hierarchies ◽  
White House ◽  
The Social

Three studies supported a model whereby associations between ideologies that share roots in biological determinism and outcomes that reinforce inequality (based on gender, race, or class) were mediated by system justification beliefs (SJB). Outcomes included support for Donald Trump over Hillary Clinton as president (Study 1), justifying police brutality (Study 2), and support for a White House budget that slashed the social safety net to endow the wealthy with tax cuts (Study 3). These findings provoke a vital question: How do people deem unequal systems worthy of defense? Each study compared social Darwinism, social dominance orientation (SDO), and biological essentialism. We expected social Darwinism to account for the most variance in SJB because it provides both the rationale for social hierarchies (natural selection) and defends them as required for human welfare. This prediction was supported in each study. Implications for the psychology of legitimacy are discussed.

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