A safety net is a system of programs designed to protect individuals and families from economic hardship.
These programs provide financial and social support, helping to prevent poverty and inequality.
Safety nets can include various programs, such as:
- Social Security: Provides retirement benefits, disability benefits, and survivor benefits.
- Unemployment Insurance: Provides temporary financial assistance to individuals who have lost their jobs.
Welfare Programs: Offers assistance to low-income families and individuals, including food stamps, housing assistance, and cash assistance.
- Medicaid and Medicare: Government-funded health insurance programs for low-income individuals and the elderly.
- By providing a safety net, governments can help to reduce poverty, improve health outcomes, and promote social stability.
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