Thursday, November 14, 2019

The Cost of Being Poor

From Spotlight on Poverty and Opportunity
Researchers from the Center on Poverty and Social Justice investigated the rising gap in income distribution and “inflation inequality.” Inflation inequality is a recently identified phenomenon that shows that prices have increased disproportionately for the bottom income levels as compared to those at the top. In this study, researchers utilized an updated inflation index, adjusted to account for inflation inequality, to recalculate the number of individuals classified as living in poverty. The researchers calculated that 3.2 million more people are living in poverty and that the increasing influence of inflation inequality may be further perpetuating poverty and income inequality.