Data: Over 10 Percent of US Counties in Persistent Poverty

123 Views 5 Replies 6 Participants Last post by Square target, 13 d ago

Popeye

Discussion Starter · 14 d ago

Luca Cacciatore
22 May 2023

A report this month from the Bureau of the Census showed that 10.9% of the 3,142 counties in the United States are experiencing "high poverty rates for an extended period."

Of the 341 impoverished counties, more than 80% were found in the South — specifically in Appalachia, areas with high American Indian populations, and along the Southwest border and Mississippi Delta.

"Research suggests people living in high poverty areas experience significant barriers to well-being whether or not they're poor themselves," bureau statisticians Craig Benson and Alemayehu Bishaw, as well as economist Brian Glassman wrote in an article assessing the report.

"The longer poverty exists in an area, the more likely the community lacks adequate infrastructure and support services," they added.

The report considered an area in persistent poverty if it had a poverty rate of 20.0% or higher from 1989 to 2015-2019, and counties identified as such were typically less crowded — only 6.1% of the population.

Although the South makes up 38% of those living in the country, southerners in the report comprised 54.9% of people who lived in persistent poverty. In addition, nearly 20% of all counties in the South were found to be in persistent poverty.

Six states had 15% or more of the population living in persistent poverty counties: Louisiana, Mississippi, Kentucky, West Virginia, New Mexico, and New York.

Meanwhile, 15 states and Washington, D.C. recorded no counties in persistent poverty.

The bureau researchers said utilizing census tracts allowed them to "identify populations in persistent poverty that were not in counties identified as persistent poverty areas.
"In counties that were in persistent poverty, identifying high poverty census tracts allows for targeted support to areas most in need of extra resources," the article read.

https://www.newsmax.com/newsfront/poverty-census-data-finance/2023/05/22/id/1120792/

See less See more

Save

Reactions: 2

1 - 6 of 6 Posts

Stevejet

· #2 · 13 d ago

The above from the Bureau of Census, another of our sterling bureaucracies.

Just read and give consideration to the statements within quotation marks. Nothing short of being "wisdom of the obvious", the "self-evident truths" so to speak.

The last time I checked, "work or employment doesn't go to the people, the skilled and educated people go to the places of employment". It certainly isn't easy to obtain or learn skills or to become educated, nor is it easy to relocate from your places of poverty. But, what else do you do? Remain static and dormant while in a "state of poverty"? This seems to have been, and remains, the historic case for many people.

Save

underdog

· #3 · 13 d ago

Lowes
On a call with investors, CEO Marvin Ellison said the company expects “a pullback in discretionary consumer spending over the near term.”
Net sales fell nearly 6% to $22.35 billion from $23.66 billion in the year-ago period
Lowe's cuts full-year sales forecast, even as it tops earnings and revenue estimates
Lowe’s competitor, Home Depot, posted a revenue miss with its quarterly report last week. The company missed sales expectations for the second consecutive quarter and cut its full-year forecast
Lowe’s and Home Depot, however, have a different mix of sales. About 75% of Lowe’s sales come from DIY customers, while Home Depot typically gets about half of its sales from home professionals.

April’s survey of global fund managers from BoFA Global Research showed stagflation expectations near historical highs, with 86% saying it will be part of the macroeconomic backdrop in 2024.

Next week’s consumer price data for April, due on Wednesday, May 10, could offer a clearer picture of whether the Fed’s interest rate increases are cooling inflation. A strong number could weigh on a rally that has lifted the S&P 500 nearly 8% this year.

“Stagflation is a growing concern,” said Phil Orlando, chief equity market strategist at Federated Hermes. “Inflation is a lot higher than the Fed thought it would be, and it’s coming down at an extraordinarily slow pace while we think the economy has already hit its high water mark for the year.”

U.S employment data on Friday showed hourly wages grew in April at an annual rate of 4.4%
Consumer prices rose by 5.0% in March

Wall St Week Ahead: US consumer price data to test feared stagflation scenario

Fears of stagflation are percolating on Wall Street, as investors await data that could shed light on whether the Federal Reserve is succeeding in tamping down inflation without badly hurting growth.

www.reuters.com

It is looking really rough.

See less See more

Save

bc38

· #4 · 13 d ago

And how many millions OF TAXPAYERS MONEY did we spend to come to this conclusion?

Save

jmf552

· #5 · 13 d ago

The Bureau of the Census comes up with Poverty Thresholds every year. If a family's income falls below it, they are said to be in poverty. It does not take into account unreported income, barter, self-sufficiency, or wealth (ownership as opposed to income) or consumption. A study by the U. of Chicago concludes that by using a consumption based model of poverty, poverty is actually decreasing in the US. Sen. Marco Rubio has officially complained to the Bureau that they are pushing a woke, leftist agenda with the way they are measuring poverty.

Save

Reactions: 2

Square target

· #6 · 13 d ago

Stevejet said:
The last time I checked, "work or employment doesn't go to the people, the skilled and educated people go to the places of employment". It certainly isn't easy to obtain or learn skills or to become educated, nor is it easy to relocate from your places of poverty. But, what else do you do? Remain static and dormant while in a "state of poverty"? This seems to have been, and remains, the historic case for many people.

Not true in many cases. Many businesses will relocate to areas because of tax incentives given by local or state government or to get away from very high taxed or regulated areas. To get away from costly unions. To get closer to transportation hubs like ports or rail yards to cut down on transport costs. Look at how many auto makers or gun companies have moved down south. How many companies have moved to TX from CA. Companies that move can also cause poverty as well, Detroit is a prime example. It was their own doing from the unions though. Not far from where I used to live Schenectady NY was a thriving area back in the day because of the huge GE plant. It's mostly gone now compared to it's heyday and it's a gang infested poverty dung hole. It went from the Electric city to crack city.

There are many examples of poor people lifting themselves up and becoming successful and in some cases very rich. You also have to want it or be taught to want it. Like Phil said in another post, single parents and the lack of nuclear family has caused much of this. Now people are taught and brought up to live off the system that was designed to be temporary help for struggling people so they could get back on their feet. Now many are contempt to live that way their whole life and teach their children the same. There are help wanted signs everywhere but people have to apply and then apply themselves and show up for work. People just don't want to do that now. Almost every company around here is hiring. I'm pretty sure it's like that across the country.

See less See more

Save

Reactions: 1

1 - 6 of 6 Posts

Wall St Week Ahead: US consumer price data to test feared stagflation scenario

Top Contributors this Month