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Income, Wealth & Poverty

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Income, Wealth & Poverty

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    Re-Counting Poverty

    The November 2011 issuance by the U.S. Census Bureau of a new Supplemental Poverty Measure has rekindled interest in questions that have been raised at various times over the nearly half century since the first official measures were published. This posting explores the perceived flaws of the official poverty measures, as well as the features of the unofficial alternative measure recently unveiled by the Census Bureau and the broader issues raised by the contrast between the two.

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    Comparing Two Census Measures of Poverty

    The Census Bureau has just published the results from its new alternative measure of poverty, called the Supplemental Poverty Measure, and they differ notably from the poverty rates shown by the official measure that’s been used since the 1960s. A new report by the Pew Hispanic Center compares results under both measures for key demographic groups.

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    The Rising Age Gap in Economic Well-Being

    Households headed by older adults have made dramatic gains relative to those headed by younger adults in their economic well-being over the past quarter of a century.

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    No Consensus About Whether Nation Is Divided Into ’Haves’ and ’Have-Nots’

    Despite an extended economic downturn, the public’s impression of whether the nation is economically divided remains relatively stable. While 45% say American society is divided between “haves” and “have-nots,” 52% say it is incorrect to think of the country this way. This is comparable to the balance of opinion a year ago. The percentage of […]