
Matthew Desmond, "Poverty, By America"
After Words
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The Risk of Spending More to Stay in the Same Place
Some measures suggest that there's only 2% of poverty in America. Angus Deaton estimated that 5.3 million people were living in abject poverty by global standards, living on $4 they're less. A study showed that a worker without a high school degree would be earning 10% less in 2017 than he would have in 1979 adjusting for inflation.
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