US The Only Country That Measures Poverty By Fifty Year Old Measure

By Shawn Fremstad, Cepr.net -

For over half a century, the United States has measured income poverty by comparing a family’s income to a standardized dollar amount (a “poverty line”) that varies by family size. For a family [...]

Economics Of Poverty, Or The Poverty Of Economics

By Staff, Anticap.wordpress.com -

As every year, mainstream economists lined up to laud the choice. Dani Rodrik declared it “a richly deserved recognition.” Richard Thaler, who won the award in 2017 (here’s a link to my [...]

The 1% Rules, The 99% Lets Them!

By Ralph Nader, Nader.org. -

There has never been more access to food – domestic and imported – yet hunger is an ongoing problem everywhere. In the U.S. alone, 16.5 million children go to bed hungry and 20% of community [...]

The US Welfare State Cut Poverty By Two-Thirds In 2018

By Matt Bruenig, Peoplespolicyproject.org -

When you want to determine how much poverty is reduced by the nation’s welfare programs, what you normally do is determine how many people are in poverty based on the distribution of market [...]

Medicare For All Would Cut Poverty By Over 20 Percent

By Matt Bruenig, People's Policy Project. -

The Census released its annual income, poverty, and health insurance statistics earlier this week. The summary report shows that 8 million of the nation’s 42.5 million poor people would not be [...]

The World Bank Needs To Understand Poverty And What It Actually Costs A Family To Live On

By Sharan Burrow, Ipsnews.net -

The World Bank’s extreme poverty line of US$1.90 a day is in fact not based on real estimates of people’s cost of living within countries. This explains why it fails to capture the desperation [...]

The Exploitation Time Bomb

By Jayati Ghosh, Project Syndicate. -

New Delhi – Since reducing inequality became an official goal of the international community, income disparities have widened. This trend, typically blamed on trade liberalization and [...]

Retirement Shouldn’t Mean Poverty

By Katherine Newman, Otherwords.org -

Vivian Majors spent her life cleaning houses while her husband, Martin, worked as a carpenter. Their bodies broke down in their 60s. Martin now lives in a nursing home and has Parkinson’s [...]

In Record US Expansion, Rich Get Richer And Others Not So Much

By Trevor Hunnicutt, Reuters. -

New York - Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one piece - his famed “Black Strat” Fender Stratocaster - that went for nearly $4 [...]

Man Builds Pantry Outside His Home To Feed The Hungry

By Mayukh Saha, Activist Post. -

To all those people claiming humanity is in shambles and moral values are dead — you have no idea what you are talking about. Yes, humanity has certainly taken some hits to the chest, but it is [...]

Poor Neighborhoods Need More Than ‘Investment’

By Amadi Anene, Otherwords.org -

Low-income neighborhoods need employee-owned businesses anchored to their communities, not investors looking to make a quick buck. Where some of us see distressed neighborhoods — where families [...]

How Inequality Makes US Poorer

By Staff, Stumblingandmumbling.typepad.com -

My chart shows the point. It shows the 20-year annualized rate of growth in GDP per worker-hour. It’s clear that this was much stronger during the relatively egalitarian period from 1945 to the [...]

Medical Madness: A Mother’s Choice Between A Child’s Care And Bankruptcy

By Sarah Kliff, Portside.org -

Two years ago, 36-year-old Lindsay Clark was facing a terrible decision. Her 2-year-old daughter Lily had gotten into a small bottle of the anti-nausea drug Dramamine. “It had a child lock on it, [...]

What States Can Do to Reduce Poverty And Inequality Through Tax Policy

By Sarah Anderson and Chuck Collins, Inequality.org -

States have an opportunity to act to close the loopholes that hide and protect the wealth of the top 1%, remedy the impact of the new federal tax law that lowers taxes on the wealthy, and make [...]

What States Can Do To Reduce Poverty And Inequality Through Tax Policy

By Sarah Anderson and Chuck Collins, Inequality.org -

States have an opportunity to act to close the loopholes that hide and protect the wealth of the top 1%, remedy the impact of the new federal tax law that lowers taxes on the wealthy, and make [...]