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Showing posts with the label poverty

Gene Marks is apparently not a poor black child in West Philadelphia

PhillyGrrl and Dan Denvir have already hopped on Gene Marks for his " if I were a poor black child " piece for Forbes, but it really is breathtaking in its awfulness. Marks writes about what he would do, as a poor black child in West Philadelphia, to stop being so poor. Shorter Marks: "If I were a poor black kid, I'd use all the advantages I have from not being a poor black kid." Sound too harsh? Check out these two, entirely representative paragraphs:  If I was a poor black kid I’d use the free technology available to help me study. I’d become expert at Google Scholar . I’d visit study sites like SparkNotes and CliffsNotes to help me understand books. I’d watch relevant teachings on Academic Earth , TED and the Khan Academy . (I say relevant because some of these lectures may not be related to my work or too advanced for my age. But there are plenty of videos on these sites that are suitable to my studies and would help me stand out.) I would als

Millionaires and food stamps, revisited

Back in October, I issued a challenge : But how many millionaires are gaming the system to get food stamps? I'm guessing maybe ... this guy . Maybe there are a few others out there. But I'll pull a number out of my posterior and guess that 99.99 percent of all food stamp recipients are not millionaires. And I defy anyone to prove otherwise. The New York Times tries to get an answer toda y, and doesn't really come up with a number: Department of Agriculture officials dismissed the notion of millionaire food stamp recipients. “Federal law is clear,” said Aaron Lavallee, a spokesman for the department. “The program is intended for households with income not exceeding 130 percent of poverty.” Among the 46 million Americans who receive the assistance — roughly one in seven Americans — few seem to be millionaires. That's not entirely satisfying, because we don't know how few are millionaires—even if we can surmise, as the Times does, that precious few are. But maybe

Poverty: It's worse than you think

Remember how the New York Times said the other day the Census Bureau's new, fuller accounting of poverty would likely reduce the poverty rate in America? Remember how I bought it ? I was wrong : There were 49.1 million poor using the SPM definition of poverty, more than the 46.6 million using the official definition of poverty with our universe. For most groups, SPM rates are higher than official  poverty rates. So that's embarrassing. The Times' logic wasn't crazy: By adjusting poverty estimates to include more than cash income—things like food stamps and other government-based assistance, and adjusting for regional cost-of-living differences—it seemed likely that the poverty rate would come down. What's a welfare state for , after all? But the new estimate also improves on the older count by more fully reflecting how people must spend their money. The official definition of poverty from 1964 to this year reflected the cost of food for a small family; the n

What will the new poverty measures mean?

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According to the New York Times, the poverty rate in America is about to fall —not because anybody's material circumstances have changed, but because the Census Bureau is adopting a "fuller" accounting of citizen well-being that looks beyond their cash income to also measure the government assistance they receive, as well as account for differences in costs-of-living for local areas. Here's the Times' chart giving an overview of the likely numerical changes: I'm not sure how detailed the Census numbers will actually end up being: It would be nice if we could determine what percentage of the people who remain in poverty are employed, so that we have a sense of how many of these folks are "working poor"—that is, trying to provide for themselves, but unable to completely do so in the jobs they're able to obtain. And as the Times notes: "Monday’s release are likely to offer fodder both to defenders of safety-net programs and fiscal conserv

The poor are making poor choices. Right?

I want to read more deeply into this new paper about how debt is swamping the middle class—which makes the suggestion that the leverage problem is holding back America's economy. But in a quick overview, I couldn't help but notice this: The debt is highest among the middle class. Middle-income families before the crisis had a debt-to-income ratio of 155.4 percent in 2007, the last year for which data are available, for families with incomes between $62,000 and $100,000, which constituted the fourth quintile of income in our nation in 2007. This ratio is higher than for any other income group. Families in the top 20 percent of income (with incomes above $100,000) had a ratio of debt to income of 123.6 percent, and families in the third quintile (with incomes between $39,100 and $62,000) owed 130.7 percent of their income. Households in the bottom 40 percent of the income distribution (with incomes below $39,100 in 2007) owed well below 100 percent of their income. In the Face