Poverty in the United States is more widespread than in the other developed OECD countries due to our skimpy social safety net. For instance, 60% of Americans will experience poverty sometime in their life between 18 and 75 years of age. 60 % ! On the other hand we reduced senior poverty from 35% in 1959 to 8% today so we have had targeted successes. Professor Rank breaks down the myths of poverty in our midst.
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