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Category Archives: Poverty

World Bank Report – Global Economic Prospects

“Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive year of disappointing economic growth this year, says the World Bank Group’s latest Global Economic Prospects (GEP) report, released [June 10, 2015]. As a result, developing countries are now projected to grow by 4.4 percent this year, with a likely rise to 5.2 percent in 2016, and 5.4 percent in 2017.

“Developing countries were an engine of global growth following the financial crisis, but now they face a more difficult economic environment,” said World Bank Group President Jim Yong Kim. “We’ll do all we can to help low- and middle-income countries become more resilient so that they can manage this transition as securely as possible. We believe that countries that invest in people’s education and health, improve the business environment, and create jobs through upgrades in infrastructure will emerge much stronger in the years ahead. These kinds of investments will help hundreds of millions of people lift themselves out of poverty.”

With an expected liftoff in U.S. interest rates, borrowing will become more expensive for emerging and developing economies over the coming months. This process is expected to unfold relatively smoothly since the U.S. economic recovery is continuing and interest rates remain low in other major global economies. However, there are considerable risks around this expectation, the report argues. Just as the initial announcement of U.S. policy normalization caused turmoil in financial markets in 2013 – now referred to as the “taper tantrum” – the U.S. Federal Reserve’s first interest rate increase, or liftoff, since the global financial crisis could ignite market volatility and reduce capital flows to emerging markets by up to 1.8 percentage points of GDP, the report says.”

Study – Poverty Among Seniors

Kaiser Foundation – Poverty Among Seniors: An Updated Analysis of National and State Level Poverty Rates Under the Official and Supplemental Poverty Measures. June 2015. “Payments from Social Security and Supplemental Security Income have played a critical role in enhancing economic security and reducing poverty rates among people ages 65 and older. Yet many olderContinue Reading

WSJ – The Anti-Poverty Experiment

“In the U.S. and abroad, a new generation of data-driven programs is testing ways to help the poor to save more, live better and find their own way to economic security.” Referenced Research Article – Science 15 May 2015: Vol. 348 no. 6236  DOI: 10.1126/science.1260799 – A multifaceted program causes lasting progress for the veryContinue Reading

Corruption in Nations Tracks Poverty and Inequality, Study Says

Douglas Gillison – “Air cargo passing through New York City in 2002 included nearly 700,000 carats of diamonds shipped from the African nation of Ghana. Though they were worth at least $320 million, customs data showed that the gems were valued on paper at less than $11 million, according to researchers from Penn State andContinue Reading

Serious Psychological Distress Among Adults: United States, 2009–2013

CDC NCHS Data Brief, May 2015 – Serious Psychological Distress Among Adults: United States, 2009–2013 – “Data from the National Health Interview Survey, 2009–2013 In every age group, women were more likely to have serious psychological distress than men. Among all adults, as income increased, the percentage with serious psychological distress decreased. Adults aged 18–64Continue Reading

State of the World’s Mothers 2015

“In commemoration of Mother’s Day, Save the Children is publishing its 16th annual State of the World’s Mothers report with a special focus on our rapidly urbanizing world and the poorest mothers and children who must struggle to survive despite overall urban progress. Every day, 17,000 children die before reaching their fifth birthday. Increasingly, theseContinue Reading

Kaiser Report – Medicaid at 50

Kaiser Foundation – Medicaid at 50 May 06, 2015 | Julia Paradise, Barbara Lyons, and Diane Rowland: “Medicaid’s most well-recognized role in our health care system is as a health coverage program for low-income pregnant women, children, and families. Currently, more than half the states provide Medicaid eligibility for pregnant women with incomes up toContinue Reading

EU Material deprivation statistics – early results

“Eurostat disseminates early results for severe material deprivation rates so that trends in poverty levels can be tracked more closely. 2014 data are available for over half the European Union (EU) Member States, and Iceland. The coverage and the timeliness is expected to increase in the coming years. Latvia and Hungary have provided final dataContinue Reading

Reducing Poverty in the United States

Reducing Poverty in the United States: Results of a Microsimulation Analysis of the Community Advocates Public Policy Institute Policy Package, Kye Lippold, March 2015 “A package of five policies—a transitional jobs (TJ) program, a $10.10 minimum wage, expanded earned income tax credits, a tax credit for senior citizens and people with disabilities, and expanded childContinue Reading

Most Say Government Policies Since Recession Have Done Little to Help Middle Class, Poor

Pew – Partial Recovery Seen in Jobs, Household Incomes: “The public makes sharp distinctions about which groups have benefited – and which have not – from the economic policies the government has put in place since the start of the recession. Majorities say that large banks, large corporations and the wealthy have been helped aContinue Reading

Amnesty International Annual Report 2014-2015

This has been a devastating year for those seeking to stand up for human rights and for those caught up in the suffering of war zones. By Salil Shetty, Secretary General at Amnesty International “Governments pay lip service to the importance of protecting civilians. And yet the world’s politicians have miserably failed to protect thoseContinue Reading

The Geography of Economic Segregation in America’s Metros

“The MPI aims to deepen our understanding of economic prosperity. Housed at the University of Toronto’s Rotman School of Management, MPI’s mission is to develop a new understanding of, and inform, the broader public conversation about shared and sustainable prosperity that should be an essential part of democratic capitalism.” “Americans have become increasingly sorted overContinue Reading