November 6, 2013
A Shockingly High Number of Americans Experience Poverty

Americans have a habit of talking about poverty as if it were a deep gulch somewhere at the fringe of the U.S. economy. We imagine a few unfortunate souls fall in forever—but only a few.
The truth, though, is almost the exact opposite, as Washington University in St. Louis professor Mark Rank recently reminded New York Times readers. “Contrary to popular belief,” he wrote over the weekend, “the percentage of the population that directly encounters poverty is exceedingly high.” Between the ages of 25 and 60, Rank has found, almost 40 percent of Americans will live at least one year below the poverty line. Yet over time, most also pull themselves back above of it. 
To get a slightly better picture of how poverty tends to touch U.S. lives, I asked Rank for a peak at his most recent figures, which will be published in an upcoming book co-authored with Cornell’s Thomas Hirschl and the University of South Carolina’s Kirk Foster. As in his past work, Rank and his collaborators have analyzed decades of data from the Panel Study of Income Dynamics to find out when Americans are most likely to suffer from poverty and how long they generally remain in it.
Read more. [Image: Reuters]

A Shockingly High Number of Americans Experience Poverty

Americans have a habit of talking about poverty as if it were a deep gulch somewhere at the fringe of the U.S. economy. We imagine a few unfortunate souls fall in forever—but only a few.

The truth, though, is almost the exact opposite, as Washington University in St. Louis professor Mark Rank recently reminded New York Times readers. “Contrary to popular belief,” he wrote over the weekend, “the percentage of the population that directly encounters poverty is exceedingly high.” Between the ages of 25 and 60, Rank has found, almost 40 percent of Americans will live at least one year below the poverty line. Yet over time, most also pull themselves back above of it. 

To get a slightly better picture of how poverty tends to touch U.S. lives, I asked Rank for a peak at his most recent figures, which will be published in an upcoming book co-authored with Cornell’s Thomas Hirschl and the University of South Carolina’s Kirk Foster. As in his past work, Rank and his collaborators have analyzed decades of data from the Panel Study of Income Dynamics to find out when Americans are most likely to suffer from poverty and how long they generally remain in it.

Read more. [Image: Reuters]

  1. bsw-msw-wwe reblogged this from jehovahsthicknesss
  2. jehovahsthicknesss reblogged this from foulmouthedliberty
  3. foulmouthedliberty reblogged this from reagan-was-a-horrible-president
  4. kaizoku-daffy reblogged this from theatlantic
  5. kinghijabpin reblogged this from akir
  6. m-emerson-b reblogged this from truth-has-a-liberal-bias
  7. maymonsturr reblogged this from theatlantic
  8. anindiscriminatecollection reblogged this from theatlantic
  9. myheadisweak reblogged this from cable-knitted
  10. justarocknrollsuicide reblogged this from reagan-was-a-horrible-president
  11. elfboi reblogged this from burningonyx
  12. burningonyx reblogged this from reagan-was-a-horrible-president
  13. quasifesto reblogged this from eviloverlibrarian
  14. quasiquan reblogged this from culturerevo
  15. betsy-faye reblogged this from reagan-was-a-horrible-president
  16. maudlinsmile reblogged this from reagan-was-a-horrible-president
  17. vandigo reblogged this from leadlinedbatsuit
  18. karadin reblogged this from reagan-was-a-horrible-president
  19. bunny--skulls reblogged this from celestialtangerines
  20. celestialtangerines reblogged this from mintike
  21. mintike reblogged this from reagan-was-a-horrible-president
  22. cakerustler reblogged this from culturerevo
  23. a-wild-snorlaxxx reblogged this from notoriousjoev
  24. notoriousjoev reblogged this from realworldnews
  25. fallintotemptation reblogged this from reagan-was-a-horrible-president
  26. bluepeapod reblogged this from reagan-was-a-horrible-president
  27. profoundlyunknown reblogged this from culturerevo
  28. culturerevo reblogged this from realworldnews
  29. realworldnews reblogged this from reagan-was-a-horrible-president
  30. 6dogs9cats reblogged this from reagan-was-a-horrible-president and added:
    SERIOUSLY…i’m sick of this media coverage! WHY you ask? because the MEDIA itself does nothing for them……they expect and...