Why measure poverty is important - Deepstash

Why measure poverty is important

To solve a problem, you need to understand its scope. Inaccurate measurements, such as the federal poverty line, can minimise the extent of a country's poverty level. Research shows that approximately 60% of Americans will live below the poverty line for at least one year of adulthood.

To win the battle against poverty, we must first recognise the poor before we can hope to win the fight against poverty.

6 STASHED

1 LIKE

MORE IDEAS FROM THEARTICLE

The US war on poverty

In 1964, US President Johnson declared war on poverty. He stated that the wealthiest nation on Earth should be able to beat it.

Yet, up to that point, the US had no official measure of poverty and no statistics on its scope, form or changing nature.

7 STASHED

2 LIKES

Poverty refers to not having enough money to buy necessities such as food, shelter and clothing, to maintain a minimally adequate life.

In the mid-60s, the government drew up an official method for counting poor people: It examined the annual costs to purchase a minimally adequate diet for a certain sized family, then multiplied that number by three—one third for food expenses and two thirds for all other costs. 

6 STASHED

  • 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.

6 STASHED

Deepstash helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.

GET THE APP:

RELATED IDEAS

For decades, only white property holders would have the right to vote in the United States. Moreover, some states even made sure that only Christian men had this vote.

48 STASHED

'Clean eating' is the most widely followed diet

Clean eating can best be described as a holistic approach to finding foods that are fresher, less processed, and a higher quality. The broader idea comes from the belief that your health is the single most important investment you can make.

Observational studies have linked ultra-processed diets with poor health, weight gain, and early death. While there is no one right way, the clean eating approach prefer food in its natural state.

311 STASHED

4 LIKES

How different are the Generation?

What separates Baby Boomers from Gen X and Y, and what distinguish Gen Y from X? And hey Gen Z, welcome to the party! What’s the cutoff? How old is each generation? Are they really that different?

46 STASHED

4 LIKES