Flame — HabitableZone

Flame » in reply to Minimum wage increases

I guess a 12% poverty rate is good by world standards
Daniel — (archived)

At least, as measured by these commies back in 2005.

The stats on the "overview highlights" page are given as: Poverty: 2005 Highlights The data presented here are from the Current Population Survey (CPS), 2006 Annual Social and Economic Supplement (ASEC), the source of official poverty estimates. The CPS ASEC is a sample survey of approximately 100,000 household nationwide. These data reflect conditions in calendar year 2005. HIGHLIGHTS The official poverty rate in 2005 was 12.6 percent, not statistically different from 2004. In 2005, 37.0 million people were in poverty, not statistically different from 2004. Poverty rates remained statistically unchanged for Blacks (24.9 percent) and Hispanics (21.8 percent) between 2004 and 2005. The poverty rate decreased for non-Hispanic Whites (8.3 percent in 2005, down from 8.7 percent in 2004). After 4 years of consecutive increases, the poverty rate stabilized at 12.6 percent in 2005—higher than the most recent low of 11.3 percent in 2000 and lower than the rate in 1959 (22.4 percent), the first year for which poverty estimates are available. The poverty rate in 2005 for children under 18 (17.6 percent) remained higher than that of 18-to-64-year-olds (11.1 percent) and that of people 65 and older (10.1 percent)—all were not statistically different from 2004. In 2005, the number in poverty remained statistically unchanged from 2004 for people under 18 and people 18 to 64 years old (12.9 million and 20.5 million, respectively). The number in poverty increased for seniors 65 and older—3.6 million in 2005, up from 3.5 million in 2004. but hey, I don't live there, and I've only had time to read the highlights. Anyway, it is true that Australia has the highest house prices relative to income, in the OECD - not the U.S. So, I guess you could deconstruct and invalidate this stuff in less than the time it takes me to type my name in the "Name" box. Maybe 37 million ain't too bad in the bigger picture after all.

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