4 ms·
I guess, but every quintile is either improving or staying flat.[1] No quintile is declining. And poverty is declining too.[2] As a society, things are impro
by hcurtiss 7y ago
I guess, but every quintile is either improving or staying flat.[1] No quintile is declining. And poverty is declining too.[2] As a society, things are improving, though admittedly faster for some than others.
[1] https://www.advisorperspectives.com/dshort/updates/2019/11/26/u-s-household-incomes-a-50-year-perspective https://www.advisorperspectives.com/dshort/updates/2019/11/2...
[2] https://www3.nd.edu/~jsulliv4/2017%20Consumption%20Poverty%20Report%20Meyer%20Sullivan%20final.pdf https://www3.nd.edu/~jsulliv4/2017%20Consumption%20Poverty%2...
- dv_dt 7y agoPoverty rate has improved in since the recession, but the improvement is to get back to basically the same rate as the 1970s. https://en.wikipedia.org/wiki/Poverty_in_the_United_States https://en.wikipedia.org/wiki/Poverty_in_the_United_States
- hcurtiss 7y agoThat's true only if you don't account for transfer payments (e.g., food stamps, state health care, etc.). I would refer you again to the second document I linked above.
- dv_dt 7y agoThat document claims that accounting for transfers not in income (eg. SNAP payments) are a better measure of "consumption poverty rate", yet food insecurity rates are barely returning to 1995 levels. So to me it's really not clear that this other "consumption poverty rate" is an improved measure. https://www.ers.usda.gov/topics/food-nutrition-assistance/food-security-in-the-us/key-statistics-graphics.aspx#trends https://www.ers.usda.gov/topics/food-nutrition-assistance/fo...