A new way to measure poverty shows the US falling behind Europe

www.euronews.com

cross-posted to:
hackernews@lemmy.bestiver.se

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A new way to measure poverty shows the US falling behind Europe

www.euronews.com

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Europe@feddit.orgEnglish · 28 days ago

cross-posted to:
hackernews@lemmy.bestiver.se

The time needed to get $1 in international dollars is 63 minutes in the US. This is about twice the average in Germany, France and the UK according to an Oxford University researcher. This suggests that average poverty is significantly higher in the US.

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28 days ago
I never thought of using the reciprocal to measure the lower end of the distribution that is really interesting.

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