Conditions for the Poor Continue to Improve

Discussion in 'Economy' started by Toro, Nov 28, 2009.

  1. Toro
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    Toro Diamond Member

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  2. Truthmatters
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    Truthmatters BANNED

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    There were lots of second hand items arround while the credit orgy was taking place.
     
  3. Limey
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    Limey Member

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    "% of households with..." raw data indicators are not of a sufficient quality to measure changes in economic conditions. We'd at least need to refer to a consensus measure of poverty, where goods deemed to be necessities are determined through questionnaire approaches. Even then we only have a static understanding of deprivation. A better measure would look at income mobility, with some reference to inter-temporal income distributions. It should be noted that, if anything, the US is experiencing greater stagnation in its social mobility rates. The poor therefore can expect longer periods of relatively low consumption levels, ensuring a dynamic deterioration in their economic condition
     
  4. SFC Ollie
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    SFC Ollie Still Marching

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  5. Limey
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    The US does have higher absolute poverty rates (where needs are fixed) than their Western European counterparts. For example, by using international comparable data from the Luxembourg Income Study, we can ascertain that only Britain out-performs the US in the poverty stakes
     

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