Today, the global research firm Abt Associates released an interim cost-benefit analysis of Compass Family Self-Sufficiency (FSS) programs in Lynn and Cambridge, Massachusetts.
The study found that participants in these programs gained more than $10,000 in increased income over a five-year period as a result of participation in the program, at a net cost to the government of only $276 per participant. The $10,000 figure accounts for reductions to participants’ federal benefits, such as federal welfare benefits, as their earnings improved. These reductions - along with other cost savings - offset 97 percent of the cost of administering the programs.
Click to read the full report.