Economic And Demographic Information Of A Nation 's Population

835 Words Dec 3rd, 2015 4 Pages
According to the Census Bureau, 15.1 percent of Americans were reported to live in poverty in 2010, which was the highest level since 1993. This represented approximately 46.2 million Americans who have incomes below the poverty line. However, income alone cannot provide an accurate measure of poverty since it ignores the effects of government subsidies like the Earned Income Tax Credit, Medicaid, food stamp, and housing subsidies James Sullivan from National Poverty Center. For example, food stamps alone give $14 million worth of benefits per year, so the census fails to recognize the impact of food stamps program, which lifts many people out of actual poverty. On the other hand, people are spending a lot of more money on housing and transport than food, which reduces their standard of living. Therefore, I suggest measuring consumption to have more precise and accurate picture of poverty in America. Collection of economic and demographic information of a nation’s population allow the government to determine poverty thresholds and make appropriate policies based on them. In the United States, the Census Bureau uses a set of money income thresholds to measure poverty including earnings, unemployment compensation, workers ' compensation, Social Security, Supplemental Security Income, veterans ' payments, pension or retirement income, interest, income from estates, trusts, educational assistance, child support, assistance from outside the household, and other miscellaneous…

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