Where the Poor Are: Ritholtz Chartby
If you missed it over the weekend, Sunday's New York Times had an amazing interactive graphic on where poverty is in the U.S.
Over the past 50 years, the poverty rate in the nation has fallen from 19 percent to 15 percent in essentially two generations. There is some disagreement among economists if that accurately states the full extent of poverty, especially when it comes to children. Some economists have argued that a more accurate accounting "suggests the poverty rate has dropped to 16 percent today, from 26 percent in the late 1960s".
As the chart nearby shows, poverty is concentrated in rural parts of the South and West, as well as in urban areas on the coasts and in the Midwest. You can toggle back and forth between the percentage of individuals living below the poverty line, and the actual numbers.
This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.
To contact the author on this story:
Barry L Ritholtz at firstname.lastname@example.org