Raw Data: Projected Poverty Among the Elderly

(Feb. 21) – The current rate of poverty among the elderly is 9.8 percent, compared to 15.7 percent for those under age 65. But what about the future? The Social Security Administration projects that poverty rates will continue to decline for the elderly. 

I escaped the trailer park—why do I still ‘think poor’?

(Feb. 17) – I have a routine: Some days I leave the Venice bungalow my husband, daughter and I rent for $3,000 a month and take a walk down to Abbot Kinney Boulevard to buy lunch. It comes out to $15 for a salad and $5 for a coffee. It’s too pricey, so I overtip, a penance for my indulgence.

A New Public Finance Tool to Help the Most Vulnerable

(Feb. 16) – In today’s sharply polarized politics, one might think that the governments of South Carolina and Connecticut couldn’t agree on anything. South Carolina, where presidential candidates are squaring off before the primary, has voted for the Republican candidate in nine straight presidential elections; Connecticut has voted for the Democratic candidate in six straight presidential elections.

Obama’s budget addresses extreme poverty, but Congress must do more

(Feb. 16) – Announced last week, President Obama’s 2017 budget request makes considerable strides toward addressing issues that impact global poverty. But while the budget shows strong support for life-saving vaccines and polio eradication, it misses the mark on funding for clean water, sanitation, and global education, which are essential to ending extreme poverty.

Why Facebook’s push to end poverty is actually self-serving

(Feb. 16) – Facebook chief executive Mark Zuckerberg wants to end poverty, but lately his approach is coming under fire. He’s called lifting 400 million out of poverty “perhaps one of the greatest things we can do in the world.” Zuckerberg regularly says that for every 10 people who gain Internet access, one person is raised out of poverty. Facebook launched Internet.org to seize these huge benefits for humanity.

Report ranks U.S. last on poverty and inequality

(Feb. 15) – The United States ranks last among developed countries on issues of poverty and inequality, according to The Stanford Center on Poverty and Inequality’s third annual report. The report, released earlier this month, compared the U.S. to other countries in six key areas: employment, poverty, safety nets, wealth inequality, income inequality, wealth inequality and economic mobility.