The Surprising Poverty Levels Across the U.S.

[jhungary]

Australia's Debt to GDP ratio 22.3% and US's 129%, as below

this is what i said that in tough time borrowing debt is tough in USA, along with high number of poor within

United States Gross Federal Debt to GDP

The United States recorded a Government Debt to GDP of 129 percent of the country's Gross Domestic Product in 2022. This page provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

a picture of EU29 is as below, including UK

View attachment 1029068

https://www.reddit.com/r/MapPorn/comments/f45xux

Again, poor have nothing to do with debt, otherwise if borrowing money is the way to go, why countries with low borrowing rate still have similar amount level of poverty? Won't they just increase their national debt and have poverty taken care of?

Australia - 22.6% Debt/GDP - 12.5% under poverty (see above for reference)
Sweden - 32.9% Debt/GDP- 11.1% under poverty (see above for reference)
US - 129 Debt/GDP - 11.5% under poverty according to US Census Bureau

Poverty in the United States: 2022

This report presents data on poverty in the United States based on information collected in the 2023 and earlier CPS ASEC.

www.census.gov

If debt is an issue, then why Australia have a 5 times less Debt/GDP having more, not less people living under poverty. Than US?

 

[ST1976]

Again, poor have nothing to do with debt, otherwise if borrowing money is the way to go, why countries with low borrowing rate still have similar amount level of poverty? Won't they just increase their national debt and have poverty taken care of?

Australia - 22.6% Debt/GDP - 12.5% under poverty (see above for reference)
Sweden - 32.9% Debt/GDP- 11.1% under poverty (see above for reference)
US - 129 Debt/GDP - 11.5% under poverty according to US Census Bureau

Poverty in the United States: 2022

This report presents data on poverty in the United States based on information collected in the 2023 and earlier CPS ASEC.

www.census.gov

View attachment 1029100

If debt is an issue, then why Australia have a 5 times less Debt/GDP having more, not less people living under poverty. Than US?

hows would you answer the graph as below, US having twice number of food stamp people than 1980s

Food stamp use surged during — and after — the great recession

www.pewresearch.org

 

[ST1976]

View attachment 1028138

U.S. Poverty Rate Highest in 15 Years - Sociological Images

The Society Pages (TSP) is an open-access social science project headquartered in the Department of Sociology at the University of Minnesota

thesocietypages.org

Again, poor have nothing to do with debt, otherwise if borrowing money is the way to go, why countries with low borrowing rate still have similar amount level of poverty? Won't they just increase their national debt and have poverty taken care of?

Australia - 22.6% Debt/GDP - 12.5% under poverty (see above for reference)
Sweden - 32.9% Debt/GDP- 11.1% under poverty (see above for reference)
US - 129 Debt/GDP - 11.5% under poverty according to US Census Bureau

Poverty in the United States: 2022

This report presents data on poverty in the United States based on information collected in the 2023 and earlier CPS ASEC.

www.census.gov

View attachment 1029100

If debt is an issue, then why Australia have a 5 times less Debt/GDP having more, not less people living under poverty. Than US?

and, how do you see the graph of US as below? USA/they look like having troubles like 50s , along with very high debt as compared to their OECD partners

U.S. Poverty Rate Highest in 15 Years - Sociological Images

The Society Pages (TSP) is an open-access social science project headquartered in the Department of Sociology at the University of Minnesota

thesocietypages.org

 

[ST1976]

Again, poor have nothing to do with debt, otherwise if borrowing money is the way to go, why countries with low borrowing rate still have similar amount level of poverty? Won't they just increase their national debt and have poverty taken care of?

Australia - 22.6% Debt/GDP - 12.5% under poverty (see above for reference)
Sweden - 32.9% Debt/GDP- 11.1% under poverty (see above for reference)
US - 129 Debt/GDP - 11.5% under poverty according to US Census Bureau

Poverty in the United States: 2022

This report presents data on poverty in the United States based on information collected in the 2023 and earlier CPS ASEC.

www.census.gov

also, how do you look on the news about half of the population of US, the news as below?

The end of the expanded benefits comes at a time when US consumer debt has been on the rise, with 20.5 million Americans currently behind on their utility payments and nearly 25 million behind on credit card, auto loan or personal loan payments, the highest number since 2009. Low-wage workers in the US, who make less than $20 an hour, have experienced drops in wage growth compared with other workers in recent months.

Low-income Americans face a ‘hunger cliff’ as Snap benefits are cut

The US food assistance program offered expanded benefits during the Covid emergency, but they ended last month

www.theguardian.com

 

[jhungary]

and, how do you see the graph of US as below? USA/they look like having troubles like 50s , along with very high debt as compared to their OECD partners

View attachment 1029124

U.S. Poverty Rate Highest in 15 Years - Sociological Images

The Society Pages (TSP) is an open-access social science project headquartered in the Department of Sociology at the University of Minnesota

thesocietypages.org

Dude, you need to look at the percentage, not the absolute amount of poverty.

The people under poverty rate are over 20% (about 22 or 23%) in the above graph and 14.3% in 2009. The graph is in a steep decline, the reason why US have "More" people under poverty is due to the simple fact that US population in 2009 is more than twice as much than it was in 1950.

also, how do you look on the news about half of the population of US, the news as below?

First of all, that's in 2009

Second of all, US had 300 million population, 20 some millions is not "Half"

hows would you answer the graph as below, US having twice number of food stamp people than 1980s

View attachment 1029123

Food stamp use surged during — and after — the great recession

www.pewresearch.org

......

Using SNAP is not equivalent to Poverty.....

The eligibility for SNAP is you earn less than 130% of poverty line. You can be over the poverty line and still enrolled in SNAP. Especially if you have child in school age

Second, again, the number increase is largely conform to the total population increase.

 

[ST1976]

Dude, you need to look at the percentage, not the absolute amount of poverty.

The people under poverty rate are over 20% (about 22 or 23%) in the above graph and 14.3% in 2009. The graph is in a steep decline, the reason why US have "More" people under poverty is due to the simple fact that US population in 2009 is more than twice as much than it was in 1950.


First of all, that's in 2009

Second of all, US had 300 million population, 20 some millions is not "Half"


......

Using SNAP is not equivalent to Poverty.....

The eligibility for SNAP is you earn less than 130% of poverty line. You can be over the poverty line and still enrolled in SNAP. Especially if you have child in school age

Second, again, the number increase is largely conform to the total population increase.

there are news about bubble in OECD economies also. how do you see the news as below?
i think, by end 2024,wont be longer, we would see bubble/bottom of US-west economies......

UBS Global Real Estate Bubble Index 2023: Deflating bubbles | UBS Global

According to this year’s edition of the UBS Global Real Estate Bubble Index, imbalances in housing markets declined sharply. Only Zurich and Tokyo remain in the housing bubble risk category. For the study, UBS analyzed residential property prices in 25 major cities around the world. From...

www.ubs.com

According to this year’s edition of the UBS Global Real Estate Bubble Index, imbalances in housing markets declined sharply. Only Zurich and Tokyo remain in the housing bubble risk category. For the study, UBS analyzed residential property prices in 25 major cities around the world. From mid-2022 to mid-2023, real house prices in the cities fell by 5% on average. More downside in prices is likely.

Zurich, 20 September 2023 – The global surge in inflation and interest rates over the past two years has led to a sharp decline in imbalances in the housing markets of global financial centers on average, according to the UBS Global Real Estate Bubble Index 2023. In this year’s edition, only two cities – Zurich and Tokyo – remain in the bubble risk category, down from nine cities a year ago. Formerly in the bubble risk zone, Toronto, Frankfurt, Munich, Hong Kong, Vancouver, Amsterdam, and Tel Aviv, are now all in the overvalued territory. Unchanged from the previous year, housing markets in Miami, Geneva, Los Angeles, London, Stockholm, Paris, and Sydney also continue to be overvalued.

 

[ST1976]

double post

 

[ST1976]

Dude, you need to look at the percentage, not the absolute amount of poverty.

The people under poverty rate are over 20% (about 22 or 23%) in the above graph and 14.3% in 2009. The graph is in a steep decline, the reason why US have "More" people under poverty is due to the simple fact that US population in 2009 is more than twice as much than it was in 1950.


First of all, that's in 2009

Second of all, US had 300 million population, 20 some millions is not "Half"


......

Using SNAP is not equivalent to Poverty.....

The eligibility for SNAP is you earn less than 130% of poverty line. You can be over the poverty line and still enrolled in SNAP. Especially if you have child in school age

Second, again, the number increase is largely conform to the total population increase.

how do you see the news as below?

View attachment 932650

US life expectancy is at its lowest in 25 years​

• • Published
• • 22 December 2022

Image source, Getty Images
Image caption,
Life expectancy in the US remains lower than neighbouring Canada and the UK, according to the latest data
Covid-19 and drug overdoses led to a second straight year of worsening life expectancy in the US - its lowest in 25 years, according to the latest data from the Centers for Disease Control.
As per the 2021 data, Americans are expected to live 76.4 years, down from a peak of 78.8 years in 2019.
It also shows the US continues to rank lowest among countries with large economies.
Heart disease remains the leading cause of death, followed by cancer and Covid.
The data is outlined in two reports released by the CDC on Thursday: one on 2021 mortality in the US, and the second on drug deaths in the US from 2001 to 2021.
The finalised numbers confirm preliminary ones released by the CDC in August, in which the health agency predicted the worst two-year decline of life expectancy on record in the US since 1923.

"The declines in life expectancy since 2019 are largely driven by the pandemic," the agency said in an August news release.
"Covid-19 deaths contributed to nearly three-fourths, or 74%, of the decline from 2019 to 2020, and 50% of the decline from 2020 to 2021."
Drug overdose deaths are also a factor. They now account for more than a third of all accidental deaths in the US, the data shows. Overall, overdose deaths have risen by 16% from 2020.
This includes deaths involving fentanyl, which increased by 22% in 2021.
Life expectancy in the US remains lower than the UK, where the average is 80.8 years. It is also lower than neighbouring Canada, where life expectancy as of 2020 is 81.75 years.
Of both countries, the US spends the highest amount of money on healthcare. Per capita, the US pays $12,318 (£10,217), while the UK spends $5,387. Canada's healthcare spending, in comparison, sits at $5,511 per capita.

US life expectancy is at its lowest in 25 years

The decline fuelled by Covid-19 and drug overdose deaths puts the US further behind its peers.

www.bbc.com

.

 

[jhungary]

how do you see the news as below?


.

That had nothing to do with poverty tho. That's more related to the government mishandled the COVID crisis.

Unless you are saying COVID affect by poverty as in they just kill the poor??

there are news about bubble in OECD economies also. how do you see the news as below?
i think, by end 2024,wont be longer, we would see bubble/bottom of US-west economies......

UBS Global Real Estate Bubble Index 2023: Deflating bubbles | UBS Global

According to this year’s edition of the UBS Global Real Estate Bubble Index, imbalances in housing markets declined sharply. Only Zurich and Tokyo remain in the housing bubble risk category. For the study, UBS analyzed residential property prices in 25 major cities around the world. From...

www.ubs.com

According to this year’s edition of the UBS Global Real Estate Bubble Index, imbalances in housing markets declined sharply. Only Zurich and Tokyo remain in the housing bubble risk category. For the study, UBS analyzed residential property prices in 25 major cities around the world. From mid-2022 to mid-2023, real house prices in the cities fell by 5% on average. More downside in prices is likely.

Zurich, 20 September 2023 – The global surge in inflation and interest rates over the past two years has led to a sharp decline in imbalances in the housing markets of global financial centers on average, according to the UBS Global Real Estate Bubble Index 2023. In this year’s edition, only two cities – Zurich and Tokyo – remain in the bubble risk category, down from nine cities a year ago. Formerly in the bubble risk zone, Toronto, Frankfurt, Munich, Hong Kong, Vancouver, Amsterdam, and Tel Aviv, are now all in the overvalued territory. Unchanged from the previous year, housing markets in Miami, Geneva, Los Angeles, London, Stockholm, Paris, and Sydney also continue to be overvalued.

House price only affect newcomer and investor, most people in the US and the West had already established dwelling, and that is not going to change just because the price goes higher or lower, I mean if you already had own properties, you already own it, it wouldn't concern you at all. .

The bubble tho, is worse in Asia than in the West.