"MM: Why is it important to think about wealth, as opposed just to income?
Wolff: Wealth provides another dimension of well-being. Two people who have the same income may not be as well off if one person has more wealth. If one person owns his home, for example, and the other person doesn’t, then he is better off."
(http://multinationalmonitor.org/mm2003/03may/may03interviewswolff.html)
Response Question: Wouldn't thinking about wealth influence one to abuse his/her income by spending an excessive amount of money, daily, on unnecessary items--due to the fact that he/she thought as his/herself as 'wealthy'?
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1. How many children live in poverty?
According to the University of Michigan, in 2007, 18% of children under the age of 18 lived in poverty which is about 13,324.
(http://www.npc.umich.edu/poverty/#5)
2. What percent of Asians are in poverty, in America?
"The rate for Asians and Pacific Islanders was 12.5 percent, down from 14 percent (not a statistically significant change)."
(http://www.policyalmanac.org/social_welfare/poverty.shtml)
3. What race has the highest percent of people in poverty?
"The poverty rate represents an average over the entire population, and does not really tell us who, in particular, is well off, who is worse off. For that, it is necessary to examine poverty levels for particular groups. Most notably, blacks and Hispanics have poverty rates that greatly exceed the average. The poverty rate for all blacks and Hispanics remained near 30 percent during the 1980s and mid-1990s. Thereafter it began to fall. In 2000, the rate for blacks dropped to 22.1 percent and for Hispanics to 21.2 percent—the lowest rate for both groups since the United States began measuring poverty. "
(http://www.irp.wisc.edu/faqs/faq3.htm#groups)
4. Where do people go if they are in poverty?
There are actually different organizations that help children and parents all around the world to help support their struggle. Organizations like the Christian Children's Fund or Unicef are two of the many orgainizations that help children.
5. Who is to blame for America's Poverty?
The "Prospect of America" believes that immigrants coming to America are to blame for their own poverty due to the fact that their weekly income averages out to $700 a week in comparison to an average American who makes about $900-$1000. They also believe that due to this also explains the massive amount of high school drop outs.
(http://www.prospect.org/cs/articles?article=dont_blame_immigrants_for_poverty_wages)
Wednesday, April 1, 2009
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