Are People On Welfare Allowed To Have Savings Accounts?

By Increase Savings | Published: November 9, 2009

Or are they supposed to spend everything they get each month so that their future benefits are not reduced?
How do they pay for unforeseen expenses, like paying a repair man to fix a washing machine, or buy a new one if necessary?
Or does the system discouraging budgeting and prioritizing important expenditures? Does it encourage them to live check to check, so that then when they get a job they will be used to living paycheck to paycheck and borrowing?

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4 Comments

  1. Anonymous
    Posted November 9, 2009 at 7:09 am | Permalink

    If folks on welfare were the type to have savings accounts, they probably wouldn’t be on Welfare in the first place. The Welfare System discourages savings accounts,budgeting,job hunting, and family planning.

  2. Huggy Bear
    Posted November 9, 2009 at 1:21 pm | Permalink

    You can save but there is a limit. They also expect you to tell them if you even have a stupid piggy bank and how much is in it.

  3. Truthsee
    Posted November 9, 2009 at 4:50 pm | Permalink

    There are limits. I suggest you save your money at home or buy a bit of gold with the money you save. It is like an investment. Each year you could buy an ounce of gold. It is safe.http://www.golddealer.com/

  4. An excellent advice giver
    Posted November 9, 2009 at 10:15 pm | Permalink

    Yes of course they can have savings accounts. Many states require welfare people to have a part time job wherever they can find work. Some states want people to work and get off welfare.

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