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MacoEconomics Poverty Mr. Odren. What is Poverty? The Poverty Threshold People considered in poverty if income falls below poverty threshold Also called.

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Presentation on theme: "MacoEconomics Poverty Mr. Odren. What is Poverty? The Poverty Threshold People considered in poverty if income falls below poverty threshold Also called."— Presentation transcript:

1 MacoEconomics Poverty Mr. Odren

2 What is Poverty? The Poverty Threshold People considered in poverty if income falls below poverty threshold Also called the poverty line Calculated based on costs of nutritious food, other necessities

3 The 2009 Poverty Guidelines for the 48 Contiguous States and the District of Columbia

4 What is Poverty? The Poverty Rate Poverty rate—percent of people in households below poverty threshold based on population as a whole Poverty does not hit all sectors of society equally. Most at risk: Children, minorities; inner-city, rural, and single–mother families

5 Factors Affecting Poverty Education—the higher the level of education, the higher the income Discrimination against minorities, women sometimes face wage discrimination, occupational segregation Demographic trends—single-parent families have more economic problems Change from manufacturing to service jobs has resulted in lower wages for low-skilled workers

6 General Antipoverty Programs Social Security program pays benefits to retirees, survivors, disabled Medicare is government health insurance for seniors Unemployment insurance helps laid-off workers while looking for job Food Stamps: helps with groceries Medicaid offers health care; funded by federal and state governments

7 How Difficult is it to Live at the Poverty Level? * You are head of a family of four with an income at the poverty level of $20,000. * Housing: $12,00 * Utilities: $2,400 * Bus to Work: $1,200 * Food: $4,200 * Health Care: $2,200 * Child Care: $2,400 BALANCE: ?? How much Money do you have now?


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