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Discussion: Poverty 1 Week 5- Discussion- Poverty Micro-Economics Due: 8/4/2018 Jihan Solis Professor: Joseph Brandit
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2 Poverty can affect anyone , “In 2010, 46.2 million people were in poverty, up from 43.6 million in 2009—the fourth consecutive annual increase in the number of people in poverty” (Census. 2010). There are so many factors that cause family to live below the poverty rate in America. The poverty rate consist of the percentage population who family income falls below the level called the poverty line. A family household annual income must be below 125 percent to be consider to be in poverty. Our textbook states three facts that describe why family are in poverty. These facts are correlated to race, age, and family composition. Others factors that causes poverty are: the endless cycle that get past from generation to generation of low income family, poor economic growth which increases the rate of people getting unemployment, jobs being ship oversea, lack of affordable housing, drug & alcohol abuse, lack of education which lead to minimum wage earning, and the overwhelming debt American consumers are facing from medical expenses, educational student loans, and credit cards.
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