Tag archive for ‘Poverty’
Poverty in America is Worse than First Believed
The National Academy of Science (NAS) reports that 47.4 million Americans lived in poverty last year, 7 million more than the government’s official figure calculated by the Census Bureau.
The discrepancy arises from using different formulas to calculate the number of people in poverty. The Census Bureau’s formula was created in 1955, and does not [...]
New Census Poverty Data Reveal Deep Disparities Throughout Washington
A recent report on Schmudget, a blog about Budget and Policy in Washington State, summarizes newly released 2008 poverty data from the U.S. Census Bureau.
According to the report, 730,000 Washingtonians lived in poverty in 2008, a number that remained unchanged from the previous year. There was significant variation in poverty rates across communities in Washington, [...]
Definition of Social Capital
Social capital is a resource available to individuals or collectivities that can be invested in with the expectation of a future flow of benefits. Social capital is generated by the connections in a social network, and the trust, reciprocity, and resource-sharing qualities of those connections. It can be activated by individuals to gain social support or [...]
Definition of Poverty Measurement
The U.S. has historically relied on an absolute income measure of poverty to determine who is considered poor in our society. Absolute measures of poverty assume there is a specific income level under which a family cannot subsist at the most basic level. The U.S. adopted official poverty thresholds based on family size in the [...]
Definition of Income Inequality
Income inequality describes the extent to which income is distributed unevenly among residents of an area. High levels of inequality indicate that a small number of people receive most of the total income, and that most people receive only a small share of the total. Inequality can be a barrier to social cohesion and democratic [...]
CBPP Report: Recession and Poverty
The Center on Budget and Policy Priorities issued a report by Sharon Parrott.
“Recession Could Cause Large Increases in Poverty and Push Millions into Deep Poverty: Stimulus Package Should Include Policies to Ameliorate Harshest Effects of Downturn.”
The report is available at http://www.cbpp.org/11-24-08pov.pdf
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Featured Community Vitality Project Working Paper
The Geography of Fringe Banking
JANE COVER, CHRIS FOWLER, RACHEL GARSHICK KLEIT, and ANTHONY RUSSO
Abstract: Over the past two decades, the U.S. financial service sector has become increasingly bifurcated into a two-tiered system: the traditional banking system serves primarily middle and upper income individuals, while a less-regulated and more expensive alternative financial sector serves many low- [...]
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