GOVT 2225 Lecture 3: Lecture 09:01 Week 2.1 Wealth, Poverty, and the American Class System
12 Jun 2016
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The unequal distribution of some good or opportunity across groups or space. Absolute, relative, and extreme poverty: ice land, fisher. Defined as the point at which a household"s income falls below the necessary level to purchase food to physically sustain its members. In us, this is based on orshansky"s 1963 calculations. Absolute: based on minimum amount of food: doesn"t take into account that families spend way more on child care and other stuff. Poverty rate increases as we hit a recession. Based on the percentage of the median income in a given location: living with ,000 in missouri v in ny will be different, relative to location. Takes into account regional differences in cost of housing, food, transportation, utilities and health care. Cutoff is income below half the poverty line. Often defined as living on less than a day per person. In 2011, 1. 46 million people in extreme poverty.
