Job Market Monitor
Poverty
UK / One in five retiring in 2013 in poverty
Study by Prudential finds many people are facing a bleak financial outlook, with 14% relying solely on state pension One in five people retiring in Britain in 2013 will fall below the income poverty line according to a study by Prudential, which also found that nearly a quarter of women will enter retirement entirely dependent … Continue reading
Italy / Millions falling into poverty finds ISTAT
Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in the past two years. The findings from national statistics institute ISTAT underline the scale of the challenge … Continue reading
US / Suburban poverty soars
Poverty is growing faster in the suburbs than anywhere else in the United States, soaring 64% over the past decade. That was more than twice the growth rate of the urban poor population, according to the Brookings Institution, which has released Confronting Suburban Poverty in America. There are now almost 16.4 million suburban residents living … Continue reading
Child poverty has risen in 16 OECD countries since 2007
Income inequality increased by more in the first three years of the crisis to the end of 2010 than it had in the previous twelve years, before factoring in the effect of taxes and transfers on income, according to new OECD data. The analysis says that the welfare state has cushioned the blow for many … Continue reading
2012 Global Hunger Index
World hunger, according to the 2012 Global Hunger Index (GHI), has declined somewhat since 1990 but remains “serious.” The global average masks dramatic differences among regions and countries. Regionally, the highest GHI scores are in South Asia and Sub-Saharan Africa. South Asia reduced its GHI score significantly between 1990 and 1996—mainly by reducing the share … Continue reading
UK / An explosion in poverty-related hunger
An explosion in poverty-related hunger in Britain is putting the government in danger of failing to meet its international human rights obligations to its most vulnerable citizens, charities have warned. The UK is a signatory to a UN economic and social rights convention that sets out minimum standards of access to food, clothing and housing. … Continue reading
US / Means-tested programs and tax credits for low-income households rose more than tenfold in the four decades since 1972
The federal government devotes roughly one-sixth of its spending to 10 major means-tested programs and tax credits, which provide cash payments or assistance in obtaining health care, food, housing, or education to people with relatively low income or few assets. Those programs and credits consist of the following: Medicaid, The low-income subsidy (LIS) for Part … Continue reading
The 100 richest people income of last year would be enough to end extreme poverty four times over says OXFAM
The vast fortunes made by the world’s richest 100 billionaires is driving up inequality and hindering the world’s ability to tackle poverty, according to Oxfam. The charity said the accumulation of wealth and income on an unprecedented scale, often at the expense of secure jobs and decent wages for the poorest, undermined the ability of … Continue reading
US / 47.5 million in Working Poors Families, could reach 50 millions soon
“While the U.S. economy has shown some signs of recovery—the U.S. unemployment rate has dipped below 8 percent from 10 percent three years ago—the economic outlook for many working families is bleak” write Brandon Roberts, Deborah Povich and Mark Mather New in LOW-INCOME WORKING FAMILIES: THE GROWING ECONOMIC GAP (Adapted choosen excerpts by Job Market Monitor to follow) Data from the U.S. … Continue reading
World / Absolute Poverty decreases from 44% to 23% over 20 years
What parts of the global income distribution registered the largest gains between 1988 and 2008? As figure below shows, it is indeed among the very top of the income distribution and among the emerging global middle class, which includes more than a third of the world’s population, that we find most significant increases in per … Continue reading
UK / Over 6m working poors
Millions of workers are facing insecurity, moving in and out of jobs, and poverty, according to a new report. The Joseph Rowntree Foundation (JRF) said over six million people classed as living in poverty, were in households where people worked. Excluding pensioners, in-work poverty now outstrips workless poverty, while 1.4 million people were now working … Continue reading
US / Census Bureau / New poverty measure, higher than the official measure, at 16.1 percent
Officially, the U.S. poverty rate in 2011 was 15 percent exactly, a 0.1 point reduction from 2010. But as I pointed out when that number was released in September, that figure doesn’t mean a whole lot. The official poverty threshold is the amount of money a family of three would have to make to spend … Continue reading
Scottish families – 24,000 in poverty with unemployment, ill health and overcrowding
A STAGGERING 24,000 Scots families are living in extreme poverty, a report claims. A combination of factors including no qualifications, overcrowding, ill health and unemployment contribute to the grim statistic. Think tank Demos found Glasgow is the worst affected with more than one in 10 families (11 per cent) facing severe disadvantage – almost three … Continue reading
US poverty rate at 15 per cent in 2011; record numbers of poor persist
US poverty rate at 15 per cent in 2011; record numbers of poor persist The report comes less than two months before the November presidential election, where the still-weak U.S. economy is the top issue for voters deciding between the leading candidates, President Barack Obama and Republican Mitt Romney. Experts had … http://www.winnipegfreepress.com/world/us-poverty-rate-at-15-per-cent-in-2011-record-numbers-of-poor-persist-169483156.html
The 2011 Poverty Rate: What to Expect and How Long Will It Last? | Brookings Institution
The Center on Children and Families at Brookings has used a model for the past three years to predict the U.S. poverty rate before the official figure was released by the Census Bureau. As the table below shows, our track record is reasonably good although we caution that predictions are just that and can be … Continue reading
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