While pressing her agenda to expand means-tested welfare programs, New York Democratic Rep. Alexandria Ocasio-Cortez is claiming that the federal government's poverty statistics vastly undercount the number of Americans who are "Destitute."
When these are counted, the poorest fifth of U.S. households consume five times more goods and services than the poverty stats reveal.
These material resources amount to an average of more than $50,000 per household per year, making the poorest fifth of Americans richer than the averages for all people in most developed nations of the world.
"You would not know that our country is posting record profits because 40 million Americans are living in poverty right now, and if the poverty line was real - if it was around what some people think it should be - about $38,000 a year, we will be shocked at how much the richest society on the planet is allowing so much of its people to live in destitute [sic]."
Census income and poverty figures are obtained through household surveys, and low-income households don't report much of their cash income in such surveys.
Put simply, the poorest fifth of U.S. households consume five times more goods and services than the poverty stats reveal.
Contrary to AOC, the facts are clear that frequently reported federal poverty stats vastly overstate the number of Americans who are destitute.
https://issuesinsights.com/2020/01/28/widespread-poverty-stats-greatly-overstate-the-number-of-americans-who-are-destitute/
When these are counted, the poorest fifth of U.S. households consume five times more goods and services than the poverty stats reveal.
These material resources amount to an average of more than $50,000 per household per year, making the poorest fifth of Americans richer than the averages for all people in most developed nations of the world.
"You would not know that our country is posting record profits because 40 million Americans are living in poverty right now, and if the poverty line was real - if it was around what some people think it should be - about $38,000 a year, we will be shocked at how much the richest society on the planet is allowing so much of its people to live in destitute [sic]."
Census income and poverty figures are obtained through household surveys, and low-income households don't report much of their cash income in such surveys.
Put simply, the poorest fifth of U.S. households consume five times more goods and services than the poverty stats reveal.
Contrary to AOC, the facts are clear that frequently reported federal poverty stats vastly overstate the number of Americans who are destitute.
https://issuesinsights.com/2020/01/28/widespread-poverty-stats-greatly-overstate-the-number-of-americans-who-are-destitute/
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