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According to the latest data from the Census Bureau, 14% of Texas’ population of roughly 30 million people are living in poverty. This is higher than the national average of 11.6%, or 37.9 ...
The Economic Policy Institute (EPI) estimated that greater income inequality added 5.5% to the poverty rate between 1979 and 2007, other factors equal. Income inequality was the largest driver of the change in the poverty rate, with economic growth, family structure, education and race other important factors.
In the framework of American federalism, states generally have wide latitude to enact policies within their borders, including state taxation and labor laws.Among the factors that may increase inequality in a state are regressive state tax policies [2] (taxation has played a growing role in diminishing inequality since the 1980s), [3] tax incentives for large companies, [4] corruption, [5 ...
CBO estimated that the combined effect of federal taxes and government transfers reduced income inequality (as measured by the Gini Index) by 23% in 1979. By 2007, the combined effect was to reduce income inequality by 17%. So the tax code remained progressive, only less so.
The social determinants of health in poverty describe the factors that affect impoverished populations' health and health inequality. Inequalities in health stem from the conditions of people's lives, including living conditions , work environment, age , and other social factors, and how these affect people's ability to respond to illness . [ 1 ]
After a quarter-century of declining inequality following World War II, income inequality increased in the late 1960s and accelerated after 1980 among affluent capitalist democracies. Inequality in wealth and income grew markedly between 1980 and 2009 in the United States, it increased only moderately in most other affluent democracies.
Poverty itself can be considered a barrier for economic growth, meaning that the Poverty-Growth-Inequality Triangle would need to consider the effect of poverty on growth. [5] Other economists argue that the triangle should include financial instability, crises, the business cycle, and their effects on poverty.
The poverty rate of people between the ages of 18 and 64 was 10.7%, or 21.1 million people. Of these, nearly half, 5.1%, were working at least part-time. [9] Using the US Census Bureau's definition of poverty, the working poverty rate seems to have remained relatively stable since 1978. [3]