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Marketplace®

Daily business news and economic stories
May 3, 2024

Why government benefits are likely to stick around

Though they take up a significant portion of the annual federal budget, programs like Social Security have measurable economic benefits.

Why government benefits are likely to stick around
Win McNamee/Getty Images

Segments From This Episode

  • The Weekly Wrap

    by Kai Ryssdal

    “Marketplace” host Kai Ryssdal talks with David Gura of Bloomberg News and Jeanna Smialek of The New York Times about the Federal Reserve’s decision to keep interest rates unchanged, changes to the Fed’s balance sheet and the jobs report.

  • If the divestment movement succeeds, will it have an economic impact?
    Allison Bailey/Middle East Images/AFP via Getty Images

    Divestment might not move the needle on government or corporate policy, but it could shift “hearts and minds,” says Alison Taylor of NYU.

  • Social Security started during the Depression as a way to get money to elderly people, many of whom were living in poverty. Now it's the biggest U.S. government expense.
    Chip Somodevilla/Getty Images

    These programs are the biggest part of the budget, and cuts to them feel personal, one expert says. Reducing them has been tough historically.

  • Dylan Demery of She's Fly, left, fishing with her business partner, Emily Anderson.
    White Room Productions

    Dylan Demery is focusing on her woman-centric business, She’s Fly, after losing her full-time job. “It just feels right,” she says.

Music from the episode

The Team

Why government benefits are likely to stick around