Poverty Rate

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A Poverty Rate is a regional demographic rate of a poor people population relative to non-poor people population.



References

2013

  • (McMahon & Horning, 2013) ⇒ Shawn McMahon, and Jessica Horning. (2013). “Living Below the Line: Economic Insecurity and America’s Families."
    • QUOTE: Poverty rates and change in poverty rates are important indicators of how well Americans are faring, but they are only part of a larger story. Poverty rates tell us little about the circumstances or needs of the roughly 85% of the US population who live above the poverty level, many of whom live on the edge and are chronically at risk of financial crisis.

      To properly measure how well families can or will make ends meet, it is necessary to construct a budget standard which defines and enumerates basic needs, and to demonstrate how much those basic needs cost at local market prices. It is then possible to compare resources to basic expenses.

      The Basic Economic Security Tables (BEST) Index, developed by Wider Opportunities for Women and the Center for Social Development at Washington University, measures the income a wide variety of working families require to meet daily needs and save for emergencies and retirement. The BEST provides a common understanding of what it takes to make ends meet and truly escape the shadow of poverty.

2010

2000