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Poverty in the U.S.

2023-01-12 05:04:11

According to the 2013 article by The Economist, the United States currently shows the best post-tax income disparity in any high income country in the world (Economist 2013). The country's Gini coefficient - indicator of wealth inequality - is now 0.42, far higher than other countries such as Switzerland and Sweden and the Gini coefficients are 0.31 and 0.33 respectively. Unfortunately, such high standards of income and wealth gap are expanding. Between 1979 and 2011, the highest income for 1% of American income earners increased by 113% and the income earner's wage at the 95 th percentile increased by 37% (Fuller 2014).

Poverty is a state of poverty without regular or socially acceptable monetary value or material assets. The most common anti-poverty measure in the United States is the "poverty standard" set by the US government. This measure considers poverty as a lack of goods and services that members of the mainstream society consume normally. Adjust the official threshold to correspond to inflation using the CPI. The number of Americans living in poverty is negligible. An organization estimates that in 2015, 13.5% of Americans (43.1 million) were living in poverty. However, other scholars emphasize the number of Americans who are "living close to poverty". This is about 100 million people, equivalent to one-third of the US population. Since the 1930 's, the relative poverty rate has always exceeded that of other rich countries.

Yesterday, the US Census Bureau announced the US poverty data of 2013, but this is varied. The poverty level in the US is declining, but it is not enough. In fact, these changes are so small that they are not statistically significant for most groups. The positive change in these two numbers was due to children and Hispanics, and their poverty rate and the total number of poor people declined. However, it is true that household income has not changed since the level of poverty has not returned to the group of economic recession, wages continue to decline.