Why hasn’t U.S. poverty improved in 50 years? Pulitzer-prize winning author Matthew Desmond has an answer

[ST1976]

with that, we have one more news as below, that US's debt level is now matching its all time high WW2 level

US National Debt: Impact, Consequences and Solutions

Explore the U.S. national debt, its causes, consequences, and potential solutions. Learn about the debt's historical context and impact on the economy.

www.itsuptous.org

 

[Hamartia Antidote]

The US poverty rate just had the largest one-year increase in history, but some regions still struggle far more​

The U.S. poverty rate saw its largest one-year increase in history. 12.4% of Americans now live in poverty according to new 2022 data from the U.S. census, an increase from 7.4% in 2021. Child poverty also more than doubled last year to 12.4% from 5.2% the year before.

The U.S. poverty level is now $13,590 for individuals and $23,030 for a family of three. The new data shows that 37.9 million people lived in poverty in 2022.

The Surprising Poverty Levels Across the U.S.

How U.S. poverty differs state by state is vital to understand

time.com

LOL..and you think the India/China poverty rate is something to brag about compared to ours?

You two are basically similar 3rd world countries with poor villagers still using oxen in the fields.

Maybe you should think about that first for context before posting stuff about the US.

Why are you double posting across 2 threads?

 

[ST1976]

And Australia have a debt to GDP ratio of 22.3%

Australia Government Net Debt to GDP

Australia recorded a Government Debt to GDP of 43.80 percent of the country's Gross Domestic Product in 2024. This page provides - Australia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

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 122.30 percent of the country's Gross Domestic Product in 2023. This page provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

 

[ST1976]

a picture of EU29 is as below, including UK

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

 

[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 122.30 percent of the country's Gross Domestic Product in 2023. This page provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

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 which is 5 times less Debt/GDP, having more, not less people living under poverty. Then US?

 

[ST1976]

how do we 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

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