Following some off-the-cuff comments from Republican presidential candidate Mitt Romney, stories about the population of Americans living under the poverty limit as well as those living in more extreme measures of poverty have become more frequent in the past few weeks. Living in poverty has important implications for personal and societal well being.
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Category: Income
A new report on homelessness has been issued by the National Alliance to End Homelessness. While the total population of homelessness has decreased since 2009, certain sub groups are still at increased risk.
A report out of Rutgers University details the prevalence of Americans for whom their financial stability has been greatly affected by the 2007 – 2009 Recession. The information available from the Project on Societal Distress further details how the recession has impacted multiple areas of well-being of the American family beyond income.
The official poverty measure has been criticized for decades for being outdated, insensitive to geographic differences in cost of living, and unable to account for the expenses and government benefits that raise or lower a household’s available resources. Responding to these concerns, the Census Bureau has created a new method for estimating poverty: the Supplemental…
Earlier this month, in the opinion pages of the New York Times, David Brooks and Paul Krugman published articles detailing the foundation of income inequality in the United States. According to the 2010 Annual Social and Economic Supplement from the U.S. Census Bureau, income inequality in the past four decades, as measured by the Gini…
A report by the GAO on the effects of the recession on the income of older adults (age 55 and over) finds that while the unemployment rate of older adults is lower than for younger workers, the rate doubled during the recession.
A report from the Congressional Budget Office examines the distribution of household income before and after government transfers and federal taxes.
The unemployment rate was 9.1% in September 2011, unchanged from July to September.
A New York Times feature shows the changes in unemployment rates across the nation. The highest unemployment rates are now concentrated in the South and the West.
In a recent report using 2007-2009 American Community survey data, researchers from Georgetown University have replicated a previous Census study on lifetime earnings. They found that individuals with a Bachelor’s degree 84% more over a lifetime than those with only a high school diploma, up from 75% in 1999.