Safety Nets

Definition

Safety nets are social programs or policies designed to provide support and assistance to individuals or families facing financial hardships or other challenges.

Related terms

Welfare Programs:

Government initiatives that aim to assist low-income individuals or families with financial aid, healthcare, food stamps, etc.

Unemployment Benefits: Financial assistance provided by the government to individuals who have lost their jobs involuntarily.

Social Security: A federal program that provides income support for retired workers, disabled individuals, and surviving family members.