Actual US Poverty Twice Official Figure: 1 in 3 Americans Cannot Meet Basic Needs.

Jeannette Wicks-Lim
"The official poverty statistic comes from a measure that was created in the mid--well, early 1960s. And it was really put together quickly, and it was kind of considered a placeholder, just 'cause the federal government wanted to have some way to measure poverty and basically took a very low-cost food plan and just multiplied it by three and decided that that was what would account for what a family would need just to be at a poverty-level standard of living. So that has been the measure over all this time, so about 50 years now [...] But, this official count has been criticized widely."

Comments

  1. I used to believe that Australia was the only OECD country where data on income distribution and poverty were that crappy.

    I guess, I was mistaken.

    In Australia, the ABS, when it actually collects data, _excludes_ in many calculations the lowest income decile. The idea, apparently, being that if you receive those low income levels, you cannot spend as much as you supposedly spend. In other words: people claiming those low incomes are lying.

    Have a look here (the last report on income dates from 2011, with data collected during 2010)):

    http://aussiemagpie.blogspot.com.au/2011/09/is-it-alive.html

    ReplyDelete
  2. He who controls the media controls the populace.

    ReplyDelete

Post a Comment

Popular posts from this blog

A brief note on Venezuela and the turn to the right in Latin America

Back of the envelope calculation: BNDES lending and the Marshall Plan