Dynamics of Economic Well-Being

by Don Boudreaux on September 13, 2006

in Inequality, Standard of Living

These two sentences in David Henderson’s excellent essay today at Tech Central Station caught my eye especially:

A section of the Census report titled "Dynamics of Economic Well-Being"
reports that if one used just a two-year period to measure poverty [rather than a single year], the
stated poverty rate would be lower. What this means is that for many
poor people, poverty is short-term.

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