Wednesday , November 13 2019
Home / CEPR Blog / The Official Poverty Measure Has Defined Deprivation Down

The Official Poverty Measure Has Defined Deprivation Down

Summary:
Based on the decline in the unemployment rate and other recent trends, it is likely that the official poverty rate will fall from 12.3 percent in 2017 to around 12 percent in 2018. The Census Bureau will release those poverty estimates tomorrow, Tuesday, September 10. Regardless of where the 2018 rate ends up, it will ...

Topics:
CEPR Blog considers the following as important:

This could be interesting, too:

CEPR Blog writes Freshman Democrats Seek to Make Corporate Oversight Routine Again

CEPR Blog writes Inflation Inequality and the Poverty Measure

CEPR Blog writes Declining Labor Shares of GDP: Is There Something to Be Explained?

CEPR Blog writes October Update on the State of Independent Federal Agencies

Based on the decline in the unemployment rate and other recent trends, it is likely that the official poverty rate will fall from 12.3 percent in 2017 to around 12 percent in 2018. The Census Bureau will release those poverty estimates tomorrow, Tuesday, September 10.

Regardless of where the 2018 rate ends up, it will vastly understate the extent of economic and social deprivation in the United States. But, with a better measure of poverty, one more consistent with most Americans’ understanding of how much income it takes not to be poor, the poverty rate is about 17.7 percent. Roughly 17 million more Americans would be counted as poor than are currently counted as poor using the official measure.  

Read More ...

Leave a Reply

Your email address will not be published. Required fields are marked *