Understanding Poverty
Poverty is primarily measured by income levels set by the Census Bureau, with a family of three classified as impoverished if they earn below $20,000. However, nearly 45% of those in poverty live on less than $10,000, highlighting a troubling rise in extreme poverty over the past few decades. Despite a reported low of 10.5% of the population below the official poverty line in 2019, the conversation reveals significant challenges in defining and addressing poverty in the U.S.In this clip
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EconTalk
Mark Rank on Poverty and Poorly Understood
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