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> (...) while they did indeed show that inequality is increasing, they didn't show the same for poverty. One of the main quantitative definitions of poverty is
by rualca 6y ago
> (...) while they did indeed show that inequality is increasing, they didn't show the same for poverty.
One of the main quantitative definitions of poverty is the at-risk-of-poverty rate, which is defined as 60% of the median income.
Income inequality is expressed as an income distribution that's lopsided, thus leading the threshold to cover a greater share of the population.