Have the poor gotten poorer?

Follow    bakadesuyo on Twitter

From 1987-2007, yes:

From 1987 to 2007 the rich got richer. This study documents this trend and then examines whether the poor have gotten poorer. It finds that the per capita income of the poor has remained virtually constant. One reason for this outcome is the growing proportion of the poor who are unrelated individuals. Also, the relative income share of the poor decreased, and their per capita income deficit increased. Thus in relative terms the average poor person has gotten poorer. In the late 1990s incomes of poor families remained fairly constant because wage gains were offset by declines in welfare.

Source: “Have the Poor Gotten Poorer?: The American Experience from 1987 to 2007” from Journal of Poverty, Volume 14, Issue 2 April 2010 , pages 183 – 196

Follow me on Twitter here or get updates via email here.

Related posts:

How to quickly and easily improve your life

How to quickly and easily improve performance in most any area

How to easily increase your persistence in just one second

Posted In:
Post Details