How is poverty doing in the US these days?

[pintoca]

According to the EU, around here, somebody is poor when he/she earns less (netto) than 60% of the average income, that is right now: 781€/month, roughly some 1200 US$/month.

On the other hand, you are considered "rich" if you, with 2 kids, earn in total family income more than 7178€ month (again, around 11500 US$/month).

These are all netto values (money actually transferred to your account after all deductions).

Of course, there is no better way to lie/deceive as with statistics, but this is is pure bullshit.

According to these numbers, the vast majority of college students around here are "poor" while a big chunk middle classers (like we) are considered rich. This is of course in preparation for the introduction of a new tax aimed at "rich" people... you know where this is going...

According to that inform, around 13% of the population in Germany are poor (the biggest economy in Europe...) and another 13% would be poor if they didn't have social benefits...

I'm slowly getting tired of this social bullshit...

 

[javaguru]

http://aspe.hhs.gov/POVERTY/07poverty.shtml

2007 HHS Poverty Guidelines
Persons
in Family or
household (48 States and DC).
1 $10,210
2 $13,690
3 $17,170
4 $20,650
5 $24,130
6 $27,610
7 $31,090
8 $34,570
For each additional
person, add $3,480

 

[sugarlicious]

We WE IN THE UK dont have it has bad as shitty old America, Damn they want to take the rest of the world down with them lol

But we stand and we fight and we will overcome the Credit Crunch

 

[needtogetarmy]

Those UK guidelines are way off! It looks like someone with an agenda made them.

There are many definitions of poverty but in general it is a classification of people who do not earn enough money to buy basic necessities. It varies region by region. For example, a person making $100,000 in North Carolina v. someone making that in NC can't really be compared.

Also, people like to distort what a necessity is. Some think TV's and nice furniture are necessities which IMO is incorrect. Food, clothing, shelter, and basic health care are necessities. Everything else above that is a luxury.

 

[javaguru]

http://money.cnn.com/2007/08/28/real_estate/wealthiest_states/index.htm

Median income in the US 2006
$48,451

The article also breaks it down by state.
The highest median income.
Maryland $65,144

The lowest median income
Mississippi $34,473

 

[calveless wonder]

i'm po'

i can't afford the o-r

 

[needtogetarmy]

http://money.cnn.com/2007/08/28/real_estate/wealthiest_states/index.htm

Median income in the US 2006
$48,451

The article also breaks it down by state.
The highest median income.
Maryland $65,144

The lowest median income
Mississippi $34,473

Under UK standards anyone who makes under $28,000 is poor. People can easily survive making less than that and have a nice car and a flat panel TV.

 

[pintoca]

http://aspe.hhs.gov/POVERTY/07poverty.shtml

2007 HHS Poverty Guidelines
Persons
in Family or
household (48 States and DC).
1 $10,210
2 $13,690
3 $17,170
4 $20,650
5 $24,130
6 $27,610
7 $31,090
8 $34,570
For each additional
person, add $3,480

Bro, you have it WAY worse than we do...

Those figured as BEFORE taxes and yearly...

a single person there is considered poor is he earns some 500US$ - 600 US$ netto per month or so.

sick

====================

Income
used to compute
poverty status:


* Money income

o Includes earnings, unemployment compensation, workers’ compensation, Social Security, Supplemental Security Income, public assistance, veterans’ payments, survivor benefits, pension or retirement income, interest, dividends, rents, royalties, income from estates, trusts, educational assistance, alimony, child support, assistance from outside the household, and other miscellaneous sources.

o Noncash benefits (such as food stamps and housing subsidies) do not count.

o Before taxes.

o Excludes capital gains or losses.

o If a person lives with a family, add up the incomeof all family members. (Non-relatives, such as housemates, do not count.)


Measure of need
(poverty thresholds):


* Poverty thresholds are the dollar amounts used to determine poverty status

* Each person or family is assigned one out of 48 possible poverty thresholds

* Thresholds vary according to:

o Size of the family

o Ages of the members

* The same thresholds are used throughout the United States(do not vary geographically)

* Updated annually for inflation using the Consumer Price Index for All Urban Consumers (CPI-U).

* Although the thresholds in some sense reflect families needs,

o they are intended for use as a statistical yardstick, not as a complete description of what people and families need to live

o many government aid programs use a different poverty measure, the Department of Health and Human Services (HHS) poverty guidelines, or multiples thereof

* Poverty thresholds were originally derived in 1963-1964, using:

o U.S. Department of Agriculture food budgets designed for families under economic stress

o Data about what portion of their income families spent on food



Computation:

* If total family income is less than the threshold appropriate for that family,

o the family is in poverty

o all family members have the same poverty status

o for individuals who do not live with family members,their own income is compared with the appropriate threshold

* If total family income equals or is greater than the threshold,the family (or unrelated individual) is not in poverty



Example:

* Family A has five members: two children, their mother, father, and great-aunt.

o Their threshold was $24,662 dollars in 2006. (See poverty thresholds for 2006)

o Suppose the members' incomes in 2006 were:

Mother: $10,000
Father: 5,000
Great-aunt: 10,000
First child: 0
Second child: 0

Total family income: $25,000

* Compare total family income with their family's threshold.

Income / Threshold = $25,000 / $24,662 = 1.01

* Since their income was greater than their threshold, Family A is not "in poverty" according to the official definition.

* The income divided by the threshold is called the Ratio of Income to Poverty.

o Family A's ratio of income to poverty was 1.01.

* The difference in dollars between family income and the family's poverty threshold is called the Income Deficit (for families in poverty) or Income Surplus (for families above poverty)

-- Family A’s income surplus was $338 (or $25,000 - $24,662).

======================

 

[sugarlicious]

Under UK standards anyone who makes under $28,000 is poor. People can easily survive making less than that and have a nice car and a flat panel TV.

$28000 is what stupid make as a part time job here in the UK
$28000 is biasically £14000 and that is not enough to survive in LONDON, maybe in other parts of the UK but not in London

 

[Cutiebaby]

i'm po'

i can't afford the o-r

lol, no shit man.

 

[Tatyana]

$28000 is what stupid make as a part time job here in the UK
$28000 is biasically £14000 and that is not enough to survive in LONDON, maybe in other parts of the UK but not in London

I think you need to back those statements up with some evidence, as I do think you are pushing it a bit.

No it isn't enough money to survive in London, but people do, especially when they are students, starting out in certain jobs, in particular, media, creative arts, fashion.

Other government jobs, like in the NHS don't get paid more, for example cleaners or assistants, but get London weighting.

I get London weighting, not the full whack, because the hospital I work in is 20 miles outside London.

 

[Razorguns]

If you look around

the "poor" in America, sure aren't starving.

And they sure aren't finding trouble buying cigs, weed, alcohol, or taxi rides to the hospital to deliver babies.

Are poor still have a better standard of living than 95% of the world's middle class.

What does that mean? I don't know. I just wanted to say something and sound all smart and shit.

r

 

[needtogetarmy]

If you look around

the "poor" in America, sure aren't starving.

And they sure aren't finding trouble buying cigs, weed, alcohol, or taxi rides to the hospital to deliver babies.

Are poor still have a better standard of living than 95% of the world's middle class.

What does that mean? I don't know. I just wanted to say something and sound all smart and shit.

r

One of the funniest comments I have read was my Milton Friedman who noted that the US is the only nation in the world where the "poor" are fat and overfed. That says it all.

There is discrimination and things wrong with America but it amazes me that immigrants can come here, with literally nothing, and make it yet "poor" Americans can't.

A former colleague I had came from Iran after the Shah was overthrown. He came to the US not able to speak English, had no job, and literally only the clothing on his back. He now has a PhD in finance and is worth well over 7 figures. Hard work pays off. So many people do not realize that.

 

[hanselthecaretaker]

According to the EU, around here, somebody is poor when he/she earns less (netto) than 60% of the average income, that is right now: 781€/month, roughly some 1200 US$/month.

On the other hand, you are considered "rich" if you, with 2 kids, earn in total family income more than 7178€ month (again, around 11500 US$/month).

These are all netto values (money actually transferred to your account after all deductions).

Of course, there is no better way to lie/deceive as with statistics, but this is is pure bullshit.

According to these numbers, the vast majority of college students around here are "poor" while a big chunk middle classers (like we) are considered rich. This is of course in preparation for the introduction of a new tax aimed at "rich" people... you know where this is going...

According to that inform, around 13% of the population in Germany are poor (the biggest economy in Europe...) and another 13% would be poor if they didn't have social benefits...

I'm slowly getting tired of this social bullshit...

No way I could get by on that per month and I'm not rich at all. I wonder what type of lifestyle $1,200 could get a person 60% above the poverty line.