MacoEconomics Poverty Mr. Odren. What is Poverty? The Poverty Threshold People considered in poverty...
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Transcript of MacoEconomics Poverty Mr. Odren. What is Poverty? The Poverty Threshold People considered in poverty...
MacoEconomics
PovertyMr. Odren
What is Poverty?
The Poverty Threshold People considered in poverty if income falls below poverty thresholdAlso called the poverty lineCalculated based on costs of nutritious food, other necessities
The 2009 Poverty Guidelines for the 48 Contiguous States and the District of Columbia
What is Poverty?
The Poverty Rate Poverty rate—percent of people in households below poverty threshold
based on population as a wholePoverty does not hit all sectors of society equally. Most at risk:
Children, minorities; inner-city, rural, and single–mother families
Factors Affecting Poverty
Education—the higher the level of education, the higher the income
Discrimination against minorities, women
sometimes face wage discrimination, occupational segregation
Demographic trends—single-parent families have more economic problems
Change from manufacturing to service jobs has resulted in lower wages for low-skilled workers
General Antipoverty Programs
Social Security program pays benefits to retirees, survivors, disabledMedicare is government health insurance for seniorsUnemployment insurance helps laid-off workers while looking for jobFood Stamps: helps with groceriesMedicaid offers health care; funded by federal and state governments
How Difficult is it to Live at the Poverty
Level?* You are head of a family of four with an income at
the poverty level of $20,000.
* Housing: $12,00
* Utilities: $2,400
* Bus to Work: $1,200
* Food: $4,200
* Health Care: $2,200
* Child Care: $2,400
BALANCE: ??
How much Money do you
have now?