New estimates from the 2019 Elder Index suggest that half of older adults living alone, and 23% of older adults living in two-elder households, lack the financial resources required to pay for basic needs. The Gerontology Institute compares the 2019 household incomes for adults age 65 and above living in one- and two-person households to […]
Red and Blue Voters Live in Different Economies
In the aftermath of the 2016 presidential election, scholars, journalists and ordinary citizens battled over whether economic anxiety or racial and cultural animus were crucial to the outcome. Soon a consensus formed, however, among most — though not all — political analysts, in support of the view that attitudes about race, immigration, sexism and authoritarianism […]
Government programs kept tens of millions out of poverty in 2018
From 2017 to 2018, the official poverty rate fell by 0.5 percentage points, as household incomes rose modestly, albeit at a slower pace than the previous three years. This was the fourth year in a row that poverty declined, but the poverty rate remains half a percentage point higher than the low of 11.3% it […]
The US Welfare State Cut Poverty by Two-Thirds in 2018
The Census released its 2018 poverty report last week, which showed no change in the poverty rate from the prior year. What follows is a novel rundown of the state of poverty and welfare in the US based on my own calculations of the report’s underlying data. When you want to determine how much poverty […]
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