Assets can build the bridge from the safety net to self-sufficiency
An front-page USA Today article last week reported that government anti-poverty programs – including Medicaid health insurance coverage, food stamps, unemployment benefits and welfare cash assistance – are now assisting one in six Americans and are continuing to expand. Anyone who has been following the monthly releases of our Numbers You Need bulletin is unlikely to be surprised by the trends reported by USA Today. Oklahoma continues to see ongoing growth and record caseloads for Medicaid (just under 695,000 recipients) and food stamps (over 585,000), with fewer individuals receiving cash payments for unemployment benefits (weekly average of 36,000 initial and continuing claims) and TANF (21,640).
It so happened that USA Today published its report the day before the Oklahoma Asset Building Coalition held the first of five regional meetings around the state. These gathering are bringing together a diverse group of stakeholders to talk about challenges facing low- and moderate-income Oklahomans and strategies for achieving economic security. The meeting began with a presentation on the Oklahoma Self-Sufficiency Standard, a tool for calculating the amount of income that families of different sizes and compositions need to meet their basic household expenses – housing, food, child care, transportation, health care, taxes and miscellaneous – without public or private support or subsidies. For a single working adult with one infant and one preschool child, the hourly self-sufficiency wage is $16.43 an hour in Cherokee County and over $21.63 an hour in Tulsa County. For a two-parent family with kids that age, each working adult would need to make $10.28 an hour in Cherokee County and $12.39 an hour in Tulsa to meet its basic needs. It’s worth mentioning that this is a basic family budget with an austere set of assumptions – it includes no meals out or entertainment, no one-time purchases, no loan payments or money put aside for savings. Read the rest of this entry »


