College of Saint Benedict Poverty Rate & 2010 Census Report Analysis Paper

User Generated

Ynefra

Economics

Description

Part 1

Listed below are several summary statements from the 2010 Census report:

  • The official poverty rate in 2010 was 15.1 percent—up from 14.3 percent in 2009. This was the third consecutive annual increase in the poverty rate. Since 2007, the poverty rate has increased by 2.6 percentage points, from 12.5 percent to 15.1 percent.
  • In 2010, 46.2 million people were in poverty, up from 43.6 million in 2009—the fourth consecutive annual increase in the number of people in poverty.
  • Between 2009 and 2010, the poverty rate increased for non-Hispanic Whites (from 9.4 percent to 9.9 percent), for Blacks (from 25.8 percent to 27.4 percent), and for Hispanics (from 25.3 percent to 26.6 percent). For Asians, the 2010 poverty rate (12.1 percent) was not statistically different from the 2009 poverty rate.1
  • The poverty rate in 2010 (15.1 percent) was the highest poverty rate since 1993 but was 7.3 percentage points lower than the poverty rate in 1959, the first year for which poverty estimates are available.
  • The number of people in poverty in 2010 (46.2 million) is the largest number in the 52 years for which poverty estimates have been published.
  • Between 2009 and 2010, the poverty rate increased for children under age 18 (from 20.7 percent to 22.0 percent) and people aged 18 to 64 (from 12.9 percent to 13.7 percent), but was not statistically different for people aged 65 and older (9.0 percent).2

Refer to United States Census Bureau for this assignment

Tasks:

  • Select any three of the six summary statements and explain in detail the significance and possible causes of each item.
  • Be sure to use the economic concepts and polices discussed in your textbook where applicable.
  • Identify possible economic policies that may explain these items and/or those which could be used to deal with the problems or situations described.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Hello, I'm done, all parts are well explained as per the instructions, I have attached an originality report too,

Running Head: SUMMARY STATEMENTS

1

Summary Statements
Name
Institution
Professor
Course
Date

SUMMARY STATEMENTS

2

This census report shows that poverty levels are increasing rapidly. Therefore, several
factors such as the lack of jobs, inequality, poor education, and inadequate food are contributing
to increasing poverty (Gates & Cooke, 2015). A lack of job opportunities could lead to low
incomes since only a few people could earn income. The available job opportunities might pay
low wages, distributing low incomes to people. In this case, poverty forces people to reduce
consumption due to a lack of enough income. Poor education limits people to specific skills that
are needed to ac...


Anonymous
Awesome! Perfect study aid.

Studypool
4.7
Indeed
4.5
Sitejabber
4.4

Similar Content

Related Tags