PSYC 5571 Lecture Notes - Lecture 4: Percentage Point, Child Care, Poverty Threshold
Document Summary
Elderly poverty has decreased drastically since 1960: has gone from 35% in poverty, to now being around 10% 20% of the kids in america are poor. Poverty through the recession: 8. 9 more poor during 2007-2010, up 24, poverty rate up 2. 6 percentage points- up 20, 46. 2 million (the 2010 number) is the highest number in the history of these data. Percentage point change in poverty by age: for people 18-24, the percentage point change in poverty was 2. 3, the size of the increases in unemployment is decreasing as you get older. Near poor: those with less than a 2:1 income to poverty ratio, if you are under half the poverty line- you are in the extreme poor. About 10% of the elderly are poor, least likely to be in extreme poverty: more likely to be near poor. We don"t count any in-kind benefits in determining poverty.
