Social Welfare Programs
Definition
Government programs designed to improve quality of life for disadvantaged groups by providing things like financial aid, healthcare, food assistance, etc.
Analogy
Imagine social welfare programs as safety nets at a trapeze show. They're there to catch people if they fall, helping them bounce back up again.
Related terms
Social Security: A federal insurance program that provides benefits to retired people and those who are unemployed or disabled.
Medicare: A national health insurance program in the United States, primarily for individuals aged 65 or over.
Unemployment Insurance: A social welfare program which provides temporary financial assistance to workers who have lost their job without fault on their parts.
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