NewsFlash: Poverty: official rate understates level and trend
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NewsFlash: July 2, 2008
Poverty: official rate understates level and trend
An alternative, more comprehensive measure of poverty
reveals shortcomings in the official poverty rate measurements used
by the US government. In today’s Snapshot,
senior economist Jared
Bernstein compares the two measures and illustrates how the
alternative measure, which incorporates recommendations of the
National Academy of Sciences, shows higher and faster growing
poverty rates.
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