Fuller picture of poverty: 49.7M poor people in US
A different way of calculating America’s poor by taking into account medical costs and work-related expenses finds a higher total than the government’s official count.
This measure is aimed at providing a fuller picture of poverty. It found there are 49.7 million poor people in the country — or 16.1 percent of the population. That compares with the 46.2 million, or 15 percent, as reported in September in the Census Bureau’s official count.
According to the newly developed measure, those more likely to live in poverty are people 65 or older, urbanites and Hispanics — the result of medical expenses and higher living costs in cities.
California had the highest share of poor people, followed by Arizona and Florida. In the official tally, it’s Mississippi, New Mexico and Arizona.
— Information from the Associated Press used in this report
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info