Rep. Michele Bachmann was wrong on two counts when she claimed today’s poverty rate is “only slightly below where it was in 1964” and that the small improvement in the rate “came with a $20 trillion price tag.”
Mitt Romney’s senior adviser Ed Gillespie distorted some economic facts on “Meet the Press” when he accused President Obama of creating a U.S. economy that is “hostile” to women.
Gillespie said the “number of single-mother families living in poverty” is now the highest “in recorded history.” But poverty statistics date only to 1959, and the poverty rate for single mothers — which is a better indicator than the total number — is still relatively low,
Texas Gov. Rick Perry makes another wildly false claim in a new Web ad — saying that the U.S. poverty rate has hit an “all-time high.” In fact, the rate is the highest since 1993, but 7.3 percentage points lower than it was in 1959, according to the U.S. Census Bureau’s most recent annual tallies.
Perry’s false claim about the poverty rate follows his false claim during his second debate appearance, when he said Obama’s stimulus measure “created zero jobs”
In a September 10 press conference, President Barack Obama characterized Afghanistan as "the second poorest country in the world." It’s an impoverished country indeed, but second poorest? The CIA World Factbook doesn’t think so.
It lists Afghanistan as number 210 of 227, with a per capita gross domestic product of $1,000 in 2009. That’s orders of magnitude lower than the richest country, Liechtenstein, with a GDP of $122,100 per person — but it’s much higher than the per capita GDP of the actual second poorest country,
Yesterday President Barack Obama accepted the Nobel Peace Prize in Oslo, Norway, and made some remarks that could use a bit of context and explanation.
Obama said that "billions have been lifted from poverty." Though he didn’t provide a time frame, he was discussing the effects of the United Nations and the Marshall Plan, both of which began in the late 1940s. We haven’t been able to find any reliable statistics that go back that far,
Q: Is a minimum-wage worker officially in poverty?
A: A single person working full time at the minimum wage would be barely above the poverty line. A single parent would be below it.
I have always believed that the poverty line was below minimum wage. Is the poverty line usually less than minimum wage? Historically has this situation improved over time?
The federal minimum wage has been $5.85 per hour since July 24,