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Some methodology problems one might imagine with the census numbers are the way they classify you as "poor." If I remember, (and it varies based on how many people etc) but it is something like $11,000 a year in income for a single person. (which I think is a tad more if you are over 65)That said, if I was retired, and earning 11K a year off my investments etc.. had my house paid off, had no real bills.. I would be considered "poor" by the census. If I had $1,000,000 (lets assume sitting in a mattress for simplicity) and earned $10,000 a year, I would still be considered "poor." I am certainly not going to argue that there are poor people in this country who are in dire need of help, however I would tend to think that 1 in 7 is a bit inflated based on how the census actually calculates "poor." There are also poor who "steal" billions (welfare etc) and don't pay any tax whatsoever.
Some methodology problems one might imagine with the census numbers are the way they classify you as "poor." If I remember, (and it varies based on how many people etc) but it is something like $11,000 a year in income for a single person. (which I think is a tad more if you are over 65)
That said, if I was retired, and earning 11K a year off my investments etc.. had my house paid off, had no real bills.. I would be considered "poor" by the census. If I had $1,000,000 (lets assume sitting in a mattress for simplicity) and earned $10,000 a year, I would still be considered "poor."
I am certainly not going to argue that there are poor people in this country who are in dire need of help, however I would tend to think that 1 in 7 is a bit inflated based on how the census actually calculates "poor."
There are also poor who "steal" billions (welfare etc) and don't pay any tax whatsoever.
