It’s not official, but it’s virtually indisputable. Poverty in America is much more widespread than has been previously acknowledged. According to the Census Bureau, nearly 37 million Americans - 12.6 percent of the population - were living in poverty in 2005. That means that four years into an economic expansion, the percentage of Americans defined as poor was higher than at the bottom of the last recession in late 2001, when it was 11.7 percent. But that’s not the worst of it. Recently, the bureau released 12 alternative measures of poverty, and all but one are higher than the official rate. The alternative that hews most closely to the measurement criteria recommended by the National Academy of Sciences yields a 2005 poverty rate of 14.1 percent. That works out to 41.3 million poor Americans, 4.4 million more than were officially counted. Those higher figures indicate that millions of needy Americans are not getting government services linked to official poverty levels. The census’s official measure basically looks only at whether a family has enough pretax income, plus cash benefits from the government, to pay for bare necessities. The academy’s criteria called for adding in the value of noncash […]

Read the Full Article