Poverty

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Tecnologia Economia e finanças

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Since the 1960s, the United States Government has defined poverty in absolute terms. This makes poverty more easily measurable. The "absolute poverty line" is the threshold below which families or individuals are considered to be lacking the resources to meet the basic needs for healthy living; having insufficient income to provide the food, shelter and clothing needed to preserve health.A large percentage of the governments poverty measurements depend on the price of food. "Relative poverty" can be defined as having significantly less access to income and wealth than other members of society. Therefore, the relative poverty rate can directly be linked to income inequality.Means relative poverty can decline if rich people lose a lot of money. The current poverty measure was established in the 1960s and is now widely acknowledged to be outdated. It was based on research indicating that families spent about one-third of their incomes on food — the official poverty level was set by multiplying food costs by three. Since then, the same figures have been updated annually for inflation but have otherwise remained unchanged.Yet food now comprises only one-seventh of an average family’s expenses, while the costs of housing, child care, health care, and transportation have grown disproportionately. Most analysts agree that today’s poverty thresholds are too low. And although there is no consensus about what constitutes a minimum but decent standard of living in the U.S., research consistently shows that, on average, families need an income of about twice the federal poverty level to meet their most basic needs. Thirty-seven million Americans live below the official poverty line.One in eight Americans now lives in poverty.A family of four is considered poor if the family’s income is below $21,027.One third of all Americans will experience poverty within a 13-year period. In that period, one in 10 Americans are poor for most of the time, and one in 20 are poor for 10 or more years. “One in eight Americans -- approximately 37 million people -- now live below the federal poverty line of $19,971 for a family of four. (A woefully inadequate measure that is 42 years old and fails to account for basic necessities.) That's 4.9 million more people than in 2000 and the poverty rate for children is the highest of all age groups. Nearly 60 million people live just above the poverty line. Using the British standard of measurement, approximately 30 percent of Americans --and 40 percent of American children -- are living in poverty.” Eighteen percent of children are in poverty. 10.9 percent of working-age adults (between the ages of 16 and 64) are in poverty.9.7 percent of the elderly are in poverty. 13.8 percent of females and 11.1 percent of males were poor The white non-Hispanic poverty rate is 8.2%. The poverty rate for African Americans is 24.5%. The poverty rate for Hispanics is 21.5%. The poverty rate for Asian Americans is 10.2%. Federal m.

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