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What is the current poverty rate in the United States?

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  • What is the current poverty rate in the United States?

    What is the current poverty rate in the United States? Current estimates on poverty in the U.S.

    https://poverty.ucdavis.edu/faq/what...-united-states

    The official poverty rate is 12.7 percent, based on the U.S. Census Bureau’s 2016 estimates. That year, an estimated 43.1 million Americans lived in poverty according to the official measure. According to supplemental poverty measure, the poverty rate was 14.0 percent.

    The official poverty measure was developed in the 1960s in conjunction with President Lyndon Johnson’s War on Poverty. Each September the U.S. Census Bureau releases an update of the national poverty rate for the prior year.

    The official measure today is based on data from the Current Population Survey Annual Social and Economic Supplement. The survey is sent to U.S. households, so the poverty estimates do not include those who are homeless. The sample also excludes military personnel who do not live with at least one civilian adult as well as incarcerated adults.

  • #2
    https://www.cnbc.com/2018/07/05/the-...cal-point.html
    • Private payrolls grew less than expected in June, likely due not just to a slowdown in hiring but also a decline in the labor pool.
    • For the first time, there are more job openings than there are eligible workers to fill them.
    • Economists expect wage pressures to continue building as part of increasing inflation.
    EXPECT ...The bottom lines been perplexing economist since they started low lending rates.

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    • #3
      Relative higher (higher than most other developed nations) poverty rate in US is caused by mismanagement of resources rather than lack of resources. This happens in poorer developing nations, too.

      This happens in our personal lives, too. Some of our higher income earning friends may have a lower quality of life due to mismanagement ( this is not to say, higher income earners are always or most likely to behave this way). America is that wealthier friend who can't manage...

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      • #4
        Much lower than Central and south America. That's all you have to know.

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        • #5
          Originally posted by Kilgor View Post
          Much lower than Central and south America. That's all you have to know.
          And way lower than Mexico's!!

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          • #6
            Courtesy of google trivia
            What country has the most wealth inequality?


            The five countries with the worst income inequality — Chile, Mexico, Turkey, the United States, and Israel — also had the five highest poverty rates in the OECD.May 29, 2015





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            • #7
              Originally posted by primer View Post
              Courtesy of google trivia
              What country has the most wealth inequality?


              The five countries with the worst income inequality — Chile, Mexico, Turkey, the United States, and Israel — also had the five highest poverty rates in the OECD.May 29, 2015




              What is the OECD/ I just can't imagine we are one of the highest 5 in poverty rates. Ours is 12 per cent. Mexico is over 50 per cent. Some Central and South American countries

              I looked these up a few days ago out of curiosity.

              Nicaragua’s economy is growing, but the poor may be falling behind
              http://www.humanosphere.org/basics/2...alling-behind/

              In 2016, poverty rate at national poverty line for Nicaragua was 24.9 %. Poverty rate at national poverty line of Nicaragua fell gradually from 45.8 % in 2001 to 24.9 % in 2016.
              population: 6,025,951 (July 2017 est.) according to the cia- 29.6% (2015 est.) in poverty


              260 Guatemalans own 56 percent of the national economy. This means that 0.001 percent of the population owns more than half of the country’s wealth.

              Population of 16.5 million, 59.3 percent of the population lives below the poverty line. In addition, 23 percent live in extreme poverty.

              The distribution of income remains highly unequal with the richest 20% of the population accounting for more than 51% of Guatemala's overall consumption. More than half of the population is below the national poverty line, and 23% of the population lives in extreme poverty.
              Guatemala - CIA

              08 Aug 2017
              Exploring the Poverty Rate in Guatemala
              https://borgenproject.org/exploring-...-in-guatemala/
              8, 398,500 people in poverty


              about 53.4 million of Mexico's 122 million people were poor in 2016

              Mexico says poverty down to about 44 percent of population
              http://www.foxnews.com/world/2017/08...opulation.html

              MEXICO CITY – The Mexican government says poverty has declined, but still affects 43.6 percent of the population.

              It says about 53.4 million of Mexico's 122 million people were poor in 2016, compared to 53.3 million in 2012. But population growth meant the percentage dropped from 45.5 percent in 2012, when President Enrique Pena Nieto took office.

              The number living in extreme poverty who can't buy even basic items dropped from 9.8 percent of the population in 2012 to 7.6 percent in 2016.



              El Salvador poverty rate was reported at 38.2 % in 2016, POPULATION WAS 6.345 million (2016)

              Honduras
              One of the poorest, most vulnerable countries in the world
              https://www.proyectomirador.org/pove...ountries-world
              HONDURAS- 9,417,167 IS THE POPULATION , 60.9 PER CENT LIVE IN POVERTY

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              • #8
                https://m.youtube.com/watch?v=45qSj4_DVxs

                I guess this is America's poverty . Sure I read somewhere that 45 % of homeless are in work .even in the wealthiest parts of the US you need the poor to flip burgers and serve coffee .

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                • #9
                  Originally posted by bfc1001 View Post
                  https://m.youtube.com/watch?v=45qSj4_DVxs

                  I guess this is America's poverty . Sure I read somewhere that 45 % of homeless are in work .even in the wealthiest parts of the US you need the poor to flip burgers and serve coffee .
                  The cost of living in California is so high, if I lived out there, if I didn't own my home, if I didn't have low rent housing, I'd be living on the street, but i wouldn't be, because I'd leave California if I had to walk.

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                  • #10
                    Originally posted by Cowboy's daughter View Post

                    The cost of living in California is so high, if I lived out there, if I didn't own my home, if I didn't have low rent housing, I'd be living on the street, but i wouldn't be, because I'd leave California if I had to walk.
                    I do know they have to bus teachers in in some areas because of cost of living . But that's your problem with rich folk , they don't like to live around working class people but still require their services .

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