O'Reilly logo

How the Poor Can Save Capitalism by Andrew Young, John Hope Bryant

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER TWO

A New Look at Income Disparity

The poor are not who we might think they are. The traditional government method of gauging poverty is understandably financial and almost strictly fiscal, measured in what’s called “absolute terms.” The federal government defines the poor in America as those who make approximately $23,050 a year for a family of four.1 The U.S. Census Bureau reports that 16 percent of the American population lives in poverty, including 20 percent of our children. And all the numbers have gotten worse in the past twenty years. In fact, between the ages of twenty-five and seventy-five, 58.4 percent of Americans will spend at least one year below the government-defined poverty line.2

However, the federal government’s poverty ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required