poverty

Vanderbilt Peabody College students develop global ranking system to encourage poverty reduction

Nearly half of the world’s population, including one billion children, lives in poverty (defined as income of less than $2 U.S. per day). With an eye toward better understanding how the private sector can help reduce poverty, four students at Vanderbilt University Peabody College of education and human development collaborated with the Center

Income, Poverty and Health Insurance Coverage in the United States: 2022

The U.S. Census Bureau announced last month that real median household income in 2022 fell in comparison to 2021. The official poverty rate of 11.5% was not statistically different between 2021 and 2022. The Supplemental Poverty Measure (SPM) rate in 2022 was 12.4%, an increase of 4.6 percentage points from 2021. This is the first

The Personal Financial Wellness Scale™

Poverty is most often assessed using objective measures such as absolute and relative income levels. However, different individuals may experience different levels of financial stress at the same income level. Studies have found that the perception of income is only moderately correlated with actual income level and that it is the perception itself that relates

It’s not income that determines charitable giving

The American people are no strangers to the spirit of charitable giving. A phenomenal figure from Charity Navigator shows that as many as 50 percent of American households donated money when the 2010 earthquake devastated Haiti.

This giving accumulated to $1.4 billion. Another example of American goodness was the $1.6 billion donated to victims of the

2020-11-30T04:17:54-06:00Tags: |

What the Poor Think of the Rich

The core of the American Dream — equality of opportunity and rewards commensurate with efforts and abilities — has enchanted millions of people across the globe. However, it is important to assess whether the reality bears out that ideal. Although two-thirds of Americans (69 percent) agree with the statement that “people are rewarded for intelligence

2020-09-17T08:44:42-05:00Tags: |

Ways to Address Poverty and Inequality Through Business: Your Comments Summary

In a recent column, I asked readers to write in with ideas about how full employment would influence the debate about inequality in the U.S. Since the column was published, eradicating poverty and trying to address inequality have been even more ever present in the spotlight as issues to be addressed in meaningful ways. Many

2020-11-11T05:04:04-06:00Tags: |

Could we eradicate poverty?

Those answering this question seem to have become more and more optimistic over the past several decades. Major advances in technology, education, healthcare and business practices have led to reduced poverty rates around the world. Although victory is still a long way off, it seems that we have a fighting chance in the battle against poverty.

While

2020-11-11T05:27:49-06:00Tags: |

Financial literacy combats poverty

Across the United States, it is not uncommon to see billboards and advertisements for a local lottery. These are often joined by other joint lotteries, some of which cover several states. While the variety is seemingly endless, all the ads and sponsorships of the games share one trait: a warning. Often found in the fine

2020-08-17T16:02:50-05:00Tags: |
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