Post #1034695

#GDP can be misleading when it comes to assessing #poverty. This research uses "“Average poverty” which is defined as the average time needed to earn $1. The measure is inclusive, distribution-sensitive, decomposable, and aligns with how both experts and the public conceptualise poverty" Unlike in Europe, average poverty has increased in the US, because average #inequality grew faster than average income #economics #income #gini https://www.euronews.com/business/2026/03/29/a-new-way-to-measure-poverty-shows-the-us-falling-behind-europe