Poverty is a tough problem to tackle. Reducing the rates of poverty takes a lot of investment and tough work, but poverty rates can also be influenced by various factors. According to the United States Census Bureau, the official poverty rate was 11.8% in 2018. This is the first time in 11 years that it has been significantly lower than pre-recession rates in 2007. Between 2017 and 2018, poverty rates for children under the age of 18 decreased from 17.4% to 16.2%. Poverty also decreased for several groups of people, including those living in the Northeast, Midwest, and West, those without a disability and people with some college education.
Although poverty is always a hot-button issue, things have improved over the last few decades. Since the 1950s and 1960s, poverty rates have generally decreased. The recent recession had a significant impact, but things are starting to recover. However, when compared with other developed countries, it doesn’t continue to look so good. OECD data from 2014 shows that the US had the second-highest poverty rate among rich countries, with only Israel having a higher poverty rate. Some other countries have a poverty rate of almost half that of the USA.
Poverty rates can be affected by many things, but it takes good policy to really tackle the issue. Although poverty rates have improved, it will likely take further action to push them down further. Various governments in the past have made efforts to address policy, and certain programs today help to lift people out of poverty and help them in their time of need.
Infographic Design By Norwich University