US Poverty Rate Hasn't Changed in 50 Years; How Can We Address It?
US Poverty Rate Hasn’t Changed in 50 Years; How Can We Address It?
During a speech at Georgetown University this past May, President Obama voiced the need to resume the War on Poverty, expressing the 40% drop in the poverty rate since its inception. It is true that in 1950 the poverty rate stood at a staggering 32.3%, but the fact that the percentage of those in poverty has remained the same since the mid 1960’s at around 15% is troublesome. It isn’t that there…
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