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Poverty
 

Poverty

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    Poverty Poverty Presentation Transcript

    • Poverty Economics
    • What Comes to Mind When you Think of Poverty?
      • In one paragraph, describe what you think it means to live in “poverty.”
      • What would it look like, sound like, be like…etc.
      • Draw a small illustration to display your understanding of poverty.
    • The Poor
      • Census Bureau determines how many Americans live in poverty
      • Poverty Threshold
        • A poor family is one whose total income is less than the amount required to satisfy the family’s minimum needs
        • The income level below which income is insufficient to support a family or household
        • Varies with the size of the family
    • Poverty Rate
      • See chart on p. 346
      • The percentage of people who live in households with income below the official poverty threshold
      • Government decides whom they consider to be poor, and what causes it
      • Depends on
        • Race/Ethnicity
        • Type of Family
        • Age
        • Residence
    • Causes of Poverty
      • Millions of Americans are unemployed
        • Various reasons
          • Health and disability reasons
      • Many poor adults have jobs-”working poor”
        • Low wages and limited work schedule
      • Sometimes minimum wage is not enough
    • Lack of Education
      • Big mistake #1: No High School Diploma
      • Graduates earn about 1/3 more than dropouts
      • College Graduates earn 3 times as much as dropouts
    • Location
      • Most racial minorities are concentrated in the inner cities, far from the higher-wage jobs in the suburbs
      • Most inner city residents do not own cars-rely on public transit
      • Usually earn less than people not living in the inner city
      • Similar obstacles for rural residents
        • Lack of jobs in rural areas
    • Racial and Gender Discrimination
      • White workers generally earn more than minority workers
      • Women currently earn .83 to Men’s $1.00 in the workforce (2007)
      • Inequality results from racial and gender discrimination throughout history
      • This kind is diminishing over time
    • Economic Shifts
      • People who lack education and skills are not very productive workers
        • “ last hired, first fired”
      • First to lose jobs when the economy slows down
      • Ongoing decline of manufacturing jobs and the rise of service and high-technology jobs
      • Aka….High School Education is no longer enough in our changing economy!
      If Frank the Tank can make it into Post-Secondary Education, then YOU can too!
    • Shifts in Family Structure
      • Median household income is about $45,000 a year.
        • Meaning half live above, half live below
      • Divorce is one of the number one causes of poverty
      • Increased number of unmarried/single parents
      • These increased rates lead to more poverty
    • Assignment! (To keep you out of intellectual poverty  )
      • People with few skills and little education are more likely to be unemployed or poor. The contrary is also true.
      • Research what skills and college degrees you think will be the most marketable in the next ten years.
      • Write a newspaper article describing/discussing your findings.
        • Use a catchy headline
        • Use facts
        • Use references (2 resources)
          • Listed at bottom of article (no wikipedia)
        • ½ page typed article
        • Illustration optional but preferred 