1. POOR ACCOUNTING.
- Author
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Bartlett, Bruce
- Subjects
- *
POVERTY , *POOR people , *NATIONAL income accounting , *GRANTS in aid (Public finance) , *MEDICARE , *MEDICAID , *SUBSIDIES - Abstract
The article emphasizes the poor method of measuring poverty in the U.S., citing 1992 data from the Census Bureau. The Census Bureau estimates that 14.5 per cent of the U.S. population lived in poverty in 1992. Since 1980, the rate of poverty in the U.S. has hovered around 14 per cent. In reality, the nation is doing a good job at addressing the problem, but by definition virtually all of the efforts are excluded from the data because poverty is measured on the basis of pre-tax money income, excluding capital gains. In addition, the data also exclude a big share of the government's efforts to ease poverty. The Census Bureau takes into account only cash grants and excluding Medicare, Medicaid, food stamps, school lunches and rent subsidies. By including such items, the poverty rate can be reduced from 14.5 per cent to 11.7 per cent.
- Published
- 1993