Income Inequality

Income Inequality - 75 experience poverty spells of less...

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Income Inequality 13:40 The “Poverty Line” US Poverty Thresholds (orshanky measure) Family of 4 = $21,954 2 people under 65 = $14,429 2 people over 65 = $12,982 1 person under 65 = $11,289 1 person over 65 = $10,289 people are poor because they don’t work – FALSE most poor people are minorities – FALSE poverty rates are higher among single mother – TRUE most poor people live in inner cities – FALSE poverty among older Americans is increasing - FALSE 11/16 Episodic poverty 52% of Americans experience poverty at some tie before age 65 and receive public  assistance 50% of Americans who become poor are no longer in poverty 1 year later
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Unformatted text preview: 75% experience poverty spells of less than 4 years “Near Poverty” and Material Hardship 18.7 of Americans are in poverty or near poverty have income 125% or less of the poverty threshold material hardship inability to meet basic needs not paying rent or mortgage not paying gas, oil, or electric bill unmet medical needs food insufficiency What is it like to be “working poor”? Reading 26. Barbara Ehrenreich, Nickel-And-Dimed 30% of the workforce earns less than $8.00/hour $8*160 hours / 12 months = 1280/ month 1280/ month*12 months = $15,360 annual income challenges finding a job work environment housing commuting hidden/special costs 13:40 13:40...
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Income Inequality - 75 experience poverty spells of less...

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