Question

What trends can explain the differences in poverty rates from the 2000s to recent years in light of changes in economic conditions in the overall US economy during this period?

Answer 1

It is reasonable that low rates are related to the economic overall safety. Opportunities for employment and wages are also growing as the economy expands. That is, lower levels of poverty correlate with unemployment or income growth.

In 2000, the poverty rate fell to 11.3%, down from half a point in 1999. The record point of 11.1 percent set in 1973 wasn't statistically different. About 31,1 million people in 2000 were bad, 1.1 million fewer than in 1999.

Poverty triggers in a country's economy are changing patterns:

• The lack of educational preparation
• High divorce rates, poverty culture
• Analphabetism
• Overpopulation
• Infectious diseases such as AIDS and malaria and
• Environmental problems such as rainfall

Economic growth is the most important weapon in developing countries to reduce poverty and improve quality of life. In what extent growth decreases poverty depends on how much the poor participate and invest in the development cycle. So does the poverty rate decreased over the time from 2020.

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