Want to slash poverty? Look to Latin America, By David Francis, November 22, 2010, Christian Science Monitor: “One in 10 South Americans – about 38 million people – escaped poverty during the past decade. That’s remarkable progress by any measure. Contrast that with the United States, where poverty has been growing due to a decade-long stagnation of income for the middle class and the Great Recession. In 2009, the US had more poor people than in any of the 51 years since poverty levels have been estimated. Of course, America’s poor are far better off than South America’s poor. And the US still has a much lower poverty rate (14.2 percent versus around 70 percent). South America remains infamous for huge income gaps between a tiny elite and masses of people making, often, just $1 or $2 a day…”
Poverty-related issues in the news, from the Institute for Research on Poverty