Other measures of poverty
- Most analysts believe that the official poverty line is very conservative as today's families must spend more on things other than food. For example, since the 1960s, housing costs have increased by 800%.
- Some sceptics believe that the multiplier should be raised to four or more.
- In 2011, taking into account the differences in the cost of living across the country, an alternative poverty measurement standard was developed.
- The EU defines poverty as the percentage of the population whose income is less than half of the median income.
7
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CURATED FROM
Poverty in 2021 looks different than in 1964 – but the US hasn't changed how it measures who's poor
theconversation.com
4 ideas
·604 reads
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