Means-Tested Program Explanation

What is a means-tested program?

Which of the following is a means-tested program?

Answer:

A means-tested program is one for which the recipient qualifies on the basis of income.

A means-tested program is a type of program where individuals qualify for assistance based on their income level. This means that only people and families below a certain income threshold can participate in means-tested programs.

Means-tested programs are designed to provide financial assistance to those who truly need it the most. These programs take into account an individual's financial resources and assets when determining eligibility for benefits.

One example of a means-tested program is welfare payments. Individuals must meet income requirements to qualify for welfare benefits.

Means-tested programs are essential in ensuring that assistance reaches those who are most in need. By targeting resources towards low-income individuals and families, these programs help alleviate poverty and provide support to vulnerable populations.