3 ms·

GDP is an imperfect measure. For example, the number of people below the 50% poverty line grew too.

• refurb 8y ago
  The poverty rate has dropped for the 3rd year in a row and is almost to same levels as pre-2008 crisis.[1] In fact, near record lows over the past 50 years. [1]https://www.census.gov/library/stories/2018/09/poverty-rate-drops-third-consecutive-year-2017.html https://www.census.gov/library/stories/2018/09/poverty-rate-...
  • dv_dt 8y ago
    I think what you are saying about the data is misleading. Look at the chart. The reason the poverty rate had a three year drop was because it was at at 10 year high around 15% starting around 2010, and only recently started dropping significantly. The "50 year low" is very misleading. If you actually look at the graph, the poverty in 1970 was 12.6%, and in 2017 12.3%. That's not a "50 year low", that's 50 years of essentially no progress on the poverty rate, especially when ten years ago it was higher. If you look at the people falling below 50% of the poverty line (deep poverty), that's had it's ups and downs too, but has had an overall slow increase of rate over the same time frame. https://poverty.ucdavis.edu/faq/what-current-poverty-rate-united-states https://poverty.ucdavis.edu/faq/what-current-poverty-rate-un...