A Summary Of Poverty In The United States

Poverty has always been a problem throughout history and despite being one of the most prosperous countries in the world, the U.S is not immune to it either. There are many approaches when it comes to poverty measure, although the most up to date measure of poverty in the U.S is based on the model that was established in the mid-1960s by Mollie Orshansky, an economist at the U.S SSA at the time. This model consists of ‘’a set of thresholds for families of different sizes and composition that are compared to a resource measure to determine a family’s poverty status. And the threshold here represents the cost of a minimum diet multiplied by three to allow for expenditures on other goods and service.’’ (Iceland, 2015).
In additional to the general