Asked by Krishi Patel on Jun 23, 2024
Verified
What is the difference between a means-tested benefit and an entitlement?
Means-tested Benefit
Government assistance programs that provide benefits based on the recipient's income and assets, ensuring aid goes to those in financial need.
Entitlement
A government program guaranteeing access to benefits by members of a specific group and based on established rights or by legislation.
- Separate the concepts of means-tested benefits, entitlements, tax expenditures, and analyze their effects on fiscal policy formulation.
Verified Answer
HD
Hannah DanielleJun 29, 2024
Final Answer :
Students' answers may vary.
A means-tested benefit is the method of granting public assistance that forces people to prove their inability to support themselves in order to secure that assistance.An entitlement is a social benefit, such as Social Security, in which all who pay into it have a right to the benefits; you do not have to apply for the program or prove that you deserve help.
A means-tested benefit is the method of granting public assistance that forces people to prove their inability to support themselves in order to secure that assistance.An entitlement is a social benefit, such as Social Security, in which all who pay into it have a right to the benefits; you do not have to apply for the program or prove that you deserve help.
Learning Objectives
- Separate the concepts of means-tested benefits, entitlements, tax expenditures, and analyze their effects on fiscal policy formulation.