[ 7.6 ] Poverty and Income Distribution

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Presentation transcript:

[ 7.6 ] Poverty and Income Distribution Learning Objectives Define who is poor, according to government standards. Describe the causes of poverty. Analyze the distribution of income in the United States. Analyze the costs and benefits of U.S. economic policy related to the goal of equity.

Living in Poverty In 2012, the poverty rate was about 15 percent. What happened to the poverty rate from 1994 to 2000?

What Causes Poverty? Changes in Family Structure Where People Live Unequal Treatment Low-Wage Service Jobs Lack of Education

What Causes Poverty? What are the three largest employment sectors for the working poor?

Household Income The estimated median household income in the United States between 2008 and 2012 was $53,046, which means that half the households earned more than this amount and half earned less. This figure tells only part of the income story. To fully understand poverty in this country, you also need to understand income distribution, or how the nation’s total income is distributed among its population.

Household Income This table shows what percentage of the nation’s total income is earned by people with different levels of income. What percentage of total income earned in the United States did the lowest three fifths of households make in 2010?

What can be done? What is the best way to reduce/eradicate poverty in the United States?

The Economic Goal of Equity Based on the information in the table, which program has education as its primary goal?

Quiz: Living in Poverty What is one reason for the high poverty rate in rural areas? A. Most adults over 65 live in rural areas. B. There are not enough jobs. C. Most children live in rural areas. D. There is too much competition.

Quiz: What Causes Poverty? What is one factor that led to the decline of manufacturing jobs for people with less education? A. single-parent households B. discrimination C. factories moved to rural areas D. globalization

Quiz: The Economic Goal of Equity The food stamp program is an example of a(n) A. enterprise zone. B. in-kind benefit. C. welfare reform. D. medical benefit.