Far fewer than previously thought, according to new research
AS AMERICA’S economy continues its recovery from the Great Recession, the official poverty rate has fallen—from 15.9% of the population to 13.4% in 2017. This is still a couple of percentage points higher than it was a decade ago. But in another hopeful sign, new measures of extreme poverty—defined as living on $2 a day or less—suggest it is much lower than previously thought. This is inconvenient for those on both the left and the right.
The new poverty estimates, by Carla Medalia from the Census Bureau and Bruce Meyer from the University of Chicago, tell a rather different story. They combine data from surveys and from government agencies. That helps overcome two problems from estimates that use survey data alone: respondents often under-report the benefits they get and sometimes they mis-report other income.
The adjustments also suggest extreme poverty isn’t concentrated among families. On a survey-reported basis that excludes in-kind payments households with children make up the considerable majority of the extreme poor. But once the adjustments are made, poverty is almost exclusively concentrated amongst single, childless households.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The Nearly $2 Million Aston Martin Valhalla Is A Gift From The GodsAston Martin gives its new $2 million hypercar a name, Valhalla.
Consulte Mais informação »
'Broadway Bares' Raises a Record $2 Million With 'Freeing, Satisfying & Thrilling' 2019 Burlesque BenefitIt was a stripacular evening on Sunday night when an army of Broadway and New York dancers -- along with some special guests -- took to the stage for the charity burlesque show Broadway Bares: Take Off.
Consulte Mais informação »
Rob Kardashian, Blac Chyna's Alleged Cyberbullying Cost Chyna's Ex $2 MillionRob Kardashian and Blac Chyna's alleged cyberbullying cost Chyna's ex more than $2 million.
Consulte Mais informação »
Here are the biggest analyst calls of the day: Slack, American Express, TripAdvisor & moreHere are the biggest calls on Wall Street on Wednesday
Consulte Mais informação »
Live Nation to Debut AR Live Stream at Music Midtown FestivalCome September, Live Nation is set to begin streaming live events in augmented reality. The entertainment giant will debut live AR broadcasting at the Music Midtown festival in Atlanta, Georgia, wh…
Consulte Mais informação »