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ERIC Number: ED274738
Record Type: RIE
Publication Date: 1986-Aug
Pages: 10
Abstractor: N/A
Economic Recovery Fails To Reduce Poverty Rates to Pre-Recession Levels. Gaps Widen Further between Rich and Poor.
Center on Budget and Policy Priorities, Washington, DC.
The gains of economic recovery have been unevenly distributed to benefit the rich much more than the poor. According to Census Bureau data, poverty, especially among children, is significantly higher than five years ago. Poverty has worsened despite decreased unemployment because of widening gaps between rich and poor. Even modest changes in distribution of income can result in large increases in poverty. Hispanics experienced the greatest poverty increase in 1985. If trends continue, they will surpass Blacks as the poorest minority within the next few years. Another trend of recent years is increasing numbers of working poor, attributable to more low-wage jobs and a minimum wage unchanged since 1981. Finally, Census data show the nation's poor farther below the poverty line than at any time since the early 1960s except for the recession years 1982 and 1983. This report includes tables and graphs of statistical information. (LHW)
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Center on Budget and Policy Priorities, Washington, DC.