Poverty Vs. The Economy

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therefore, set at three times
the cost of the economy food plan. For smaller families and persons living
alone, the cost of the economy food plan was multiplied by higher factors in
order to compensate for the larger fixed expenses of smaller households. The
poverty thresholds are updated every year to reflect changes in the consumer
price index but overall rises in standard of living. (levington, page 147)
Another issue is that the poverty index has several flaws. First, it
does not allow for regional variations in the cost of living or for higher costs
in the central city areas, where many of the poor are concentrated. Second, the
flood costs for the budget were designed for temporary or emergence use and are
thus inadequate for a perment diet because they provide only the barest
subsistence. Finally, the government statistics fall to take into consideration
nonmonetary benefits and assets in determining the number of poor. If these
were counted, the numbers in the ...

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units
are not only more likely to be poor but less likely to escape from poverty. The
poor face multiple impediments to self-sufficiency, including joblessness, less
than a high school education, and dependence on welfare.
Their are four different major groups of poor people. They are the
elderly, children, employed working-age adults, and unemployed working-age
adults. Each of these groups has different problems that are addressed by
different programs.
Few elderly people hold jobs, and that is the main cause of poverty
among the elderly. Some of the elderly poor are willing and able to hold
regular jobs, but most cannot. An increasing number of elderly people ...

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