What is the deal with Poverty in the U.S.A?

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Every one in this country should have the  opportunity to have a good personal  economy. The USA is the 13th of the rank on the more wealth countries in the World but also it work with the poor.

Economic Mobility= being able to more into a higher income. 60 percent every 10 years and 25 to 33 percent each year.  60 percent of the population make 27.4 millions.

How many people are living in poverty in the USA?

More than 45 million people, or 14.5 percent of all Americans, lived below the poverty line last year, The percentage of Americans in poverty fell from 15 percent in 2012, the biggest such decline since the year 2000.

Who is poor? in the United States the Census Bureau determines who is poor using an economic poverty measure.

The supplemental poverty measure (SPM), which defines, resources, and expenses differently than the official measure. This program benefit such as food assistance and tax credits and subtracting work and medical.

 

Income-to-Poverty Ratios. An important consideration when identifying who is poor is that the official poverty statistics most discussed and quoted in the media.

Does poverty “discriminated”? 

The official national poverty rate represents an average over the entire population, and does not really indicate who is well of and who is worse off. Black and Hispanics, for example have poverty rates that greatly exceed the overall average.

Wealth: is the value of everything a person or family owns, minus any debts.

We also need to distinguish wealth from income. Income is what people earn from work, but also from dividents, interest and any rents or royalties.

from working in 2008, only 19% of the income reported by the 13,480 individuals or families making over $10 million came from wages and salaries.

Exactly how rich are the top 1%? 

People often wonder exactly how much income and/or wealth someone needs to have to be included in the top 1% or the top 20%.

This chart shows the changes of poverty overtime

 

Do Americans know their country’s wealth distribution? 

An interesting study revels that Americans have no idea that the wealth distribution (defined for them in term of “net worth”) when shown three pie charts representing possible wealth distribution.

Wealth Inequality: can be described as unequal distribution of assets within a population. The United States exhibit wider disparities of wealth between rich and poor than any other major developed nation.

Sources:

 

“Wealth Distribution.” Economic Literacy and Personal Finance, Cavendish Square Digital, www.cavendishsquaredigital.com/article/12220/wealth-distribution. Accessed 9 Jun. 2017.

 

http://www.irp.wisc.edu/faqs/faq3.htm

http://www2.ucsc.edu/whorulesamerica/power/wealth.html

https://www.gfmag.com/global-data/economic-data/worlds-richest-and-poorest-countries

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