Comment on A Little-Known Law to Fight Disabled Poverty Just Turned 10

A Little-Known Law to Fight Disabled Poverty Just Turned 10

On December 19, 2014, then-President Barack Obama signed the Achieving a Better Life Experience Act into law, establishing tax-exempt savings accounts of up to $100,000 for qualified disability expenses—including education, housing, transportation, health, and basic living expenses—for people whose disabilities began before age 26, without counting against the $2,000 Social Security Insurance asset limit. In the decade since, ABLE accounts have meaningfully improved the lives of over 160,000 people by giving them more financial independence.

 

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