Poverty and Prosperity

//Poverty and Prosperity

After The Fall: Income Inequality and the Great Recession

If there’s any point of agreement amongst the many ten-year anniversary eulogies of the 2008 recession, it is that at some point the crisis ended. The nearly nine million jobs that were lost in the crisis are just as cemented in the history as the most popular phone at the time — the Motorola RAZR. Disagreements remain on the

Visualizing the Poverty Rate of Each U.S. State

How many people live below the poverty line in states across the country? Today’s interactive map comes to us from Overflow Solutions, and it visualizes the percentage of people living in poverty across the United States over the time period of 2008-2017. U.S. POVERTY RATES TODAY - Click here for the interactive map To start, we’ll

America Is Poorer Than It Thinks

What does it mean to be poor? Currently there are two basic ways to define poverty. To get a better measure of who needs help — and a better sense of how to provide it — society needs a third definition. The first definition is absolute poverty — essentially, material destitution. Human beings need food,

Social Security helped slash elderly poverty in the US from 35% to under 10% in the 20th century.

Americans are increasingly struggling to save enough for their later years, but this wasn't always the case.  In 1959, more than a third of all elderly Americans lived in poverty. That number was slashed to under 10% by the late 1990s, and Social Security deserves a large share of the credit. However Social Security is just 15

Want less poverty in the world? Empower women.

The single greatest antidote to poverty and social stagnation is the emancipation of women. Wherever this has been tried, wherever women have been empowered to do as they wish, the economy and the culture have been radically improved. A new book by Augusto Lopez-Claros, a senior fellow at the School of Foreign Service at Georgetown

Some People Hate Income Inequality So Much They Pretend It Doesn’t Exist

Twitter can highlight some interesting intellectual chiaroscuro. Left-leaning think-tank Center for Economic and Policy Research posted this today: Robert Samuelson Is Denying Inequality, Againhttp://dlvr.it/Qrc1MW  Samuelson was dancing around whether incomes had actually risen or not. CEPR made some good points, but I think missed the most fundamental ones. First, to Samuelson, who wrote about the

Do Financial Inclusion Efforts Really Have an Impact on Poverty?

Several years ago, a senior person at a large foundation (let’s call him Fred) asked us if we thought financial inclusion—creating and supporting financial products and services designed for low-income communities—really made a difference to the poor. We took his question very seriously, and answered that we honestly weren’t sure whether it was as high

How Can Countries Reduce Poverty Faster?

Can the world end poverty by 2030, the target set by the United Nations Agenda for Sustainable Development? The UN General Assembly recently reaffirmed this deadline but conceded that meeting it will require “accelerating global actions” to tackle poverty’s causes. As the international community explores new solutions, lessons from the past could be instructive. Poverty reduction has

This is what poverty looks like in the US right now

Though poverty has slightly declined in recent years, the US Census Bureau found last year that nearly 40 million people are living in poverty in America. Poverty affects almost every area of life for Americans in every state and city across genders, ages, employment, and education. See the different ways poverty affects Americans across the nation. Click

Bernie Sanders And Tucker Carlson Agree On Income Inequality. Why Can’t Democrats And Republicans?

I've never watched Tucker Carlson's program on Fox but am aware of his reputation. Profiles of him in major media have tended to have one slant. Coming across a one in the American Conservative by Alan Pell Crawford, I gave a read and found a surprising passage: This raises a question: Can you be a conservative if

More than money: Counting poverty in multiple forms

Consider two households that have the same level of consumption (or income) per person but they differ in the following ways. All the children in the first household go to school, while the children in the second household work to support the family. The first household obtains drinking water from a tap connected to the

Business And The Mission To Really Make Poverty History

There are still around 783 million people around the world living in extreme poverty. That's the level of poverty where families have to survive on less than $2 per day, where healthcare is an unaffordable luxury, and simply scratching together enough food to survive is a daily challenge. It's the level of poverty where, should

The world’s paying too high a price for inequality …

Joseph Stiglitz at Columbia University reminded us in the Scientific American this month that just three Americans – Jeff Bezos, Bill Gates and Warren Buffett – account for more wealth than the entire poor half of the US population. As I watched the six pallbearers bringing Walter Kwok Ping-sheung’s coffin out of St John’s Cathedral last Thursday,

The Richest 10% of Americans Now Own 84% of All Stocks

The stock market continues to be one of President Donald Trump’s favorite indicators of the country’s health as stocks continue to hit all-time highs. But a shrinking share of Americans are getting rich off the market’s dizzying rise, according to a new analysis. The top 10% of American households, as defined by total wealth, now

Racial and economic disparities intertwined, study finds

By many measures, the U.S. has made important strides when it comes to civil rights: The racial gaps in educational achievement, life expectancy, and wages, though still considerable, have all narrowed measurably in the past 50 years. Yet in one marker of fundamental importance—family income—disparities between black and white have remained virtually unchanged since 1968.

Partners Launch Good Life Goals to Encourage Personal SDG Action

The 10-Year Framework of Programmes on Sustainable Consumption and Production Patterns (10YFP) Sustainable Lifestyles and Education programme, along with the global change agency Futerra, the UN Environment Programme, the World Business Council for Sustainable Development (WBCSD), and the UN Educational, Scientific and Cultural Organization (UNESCO) have launched the Good Life Goals, which outline personal actions

2018-10-30T04:35:07+00:00Tags: |

In Kenya, free cash is the latest solution to poverty

Until recently, Molly struggled to imagine life beyond the end of each repetitive day: work in someone else's fields and earn enough to eat, rinse, repeat. "It was a vicious circle I could not escape," says the 25-year-old villager in the Bondo region of western Kenya. Her hardscrabble, rural existence is the same for many

The simple way that men can help close the wealth gap

The US is on a cusp of a major demographic shift. By 2060, there will be 13.9 million people over the age of 60 living in the country; the most dramatic increase in elderly adults will occur in people of color. And as of today, we don’t have enough people to care for them. “Care needs