Tuesday, November 08, 2011

Measures of poverty

There's a new measure of poverty in the U.S. from the Census Bureau. It jiggles the numbers & concludes that less of some groups & more of other groups are poor, but as Lawrence Katz, Harvard professor of economics, says: "The big picture is that in this so-called recovery there are more people in distress regardless of how you measure poverty". (NYT, 11/8/11)

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