Editorial Board

Fight Poverty, Not Savings

New data says rock-bottom asset limits for welfare don't just make it harder to leave poverty -- they're also unnecessary.

You knows the rules: No savings!

Source: Hulton Archive via Getty Images

Some welfare programs exclude people who have financial assets, and for good reason. If the goal is to help people who are living in poverty, the program shouldn't waste resources on people who aren't actually poor. If you lose your job but have enough money in the bank to tide you over comfortably, you don't need food stamps, disability payments or other forms of public support as much as people with no savings do.

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