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The Safety Net: An Investment in Children Overview of current economic context & recent academic research Much of today’s talk drawn from Hamilton Project document I coauthored last year. 1. In 2015 almost one in five households with children were food-insecure. 25% 20% 15% 10% 5% 0% Children Senior Citizens All Food insecurity spiked, even conditional on income 2. In nine states, one in four children lives in a food-insecure households 3. About 85 percent of food-insecure households with children are headed by adults who work. 4. Households with a teenager are more likely to experience very low food security. 5. Annual snapshots mask the extent of the food insecurity problem. 6. One third of food-insecure households have annual incomes of at least two times the federal poverty level. Lower-income have less slack in their budget Lower-income have been losing ground Lower-income spending more on basic needs over time 7. The social safety net lifts tens of millions of people out of poverty. Long-Term Impacts of Childhood Access to SNAP Use initial rollout of the FSP (1961-1975) to examine effects of program 4 studies: Consumption Labor supply Birth outcomes Long-term impacts Measuring Long-term Impacts Metabolic Syndrome Obese (=1) High blood pressure (=1) Diabetes (=1) Heart disease (=1) Heart attack (=1) Economic selfsufficiency High school graduate (=1) Employed (=1) Not poor (=1) Not on TANF (=1) Not on food stamps (=1) Earnings Family income 8. SNAP investments have long-term payoffs. Timing matters: Early investments have larger payoff for health (only) SNAP investments have shorter-term payoffs: Variation from loss of immigrant access Health status Bad health Hospitalized 0 -0.1 -0.031 -0.036 -0.015 -0.016 Days absent 0 -0.003 -0.101 -0.2 -0.3 -0.4 -0.5 -0.464 All children Hispanic children 9. Nutrition programs vary in their reach to low-income households. 11. Summer nutrition benefits can substantially reduce very low food security. How would food consumption change with more resources? 12. Beyond food security, SNAP improves households’ financial well-being. SNAP benefits are good for the macro economy Block granting SNAP would undermine automatic fiscal stabilizer