2015-06-10 Mogul Pundit

US Poverty Rate Hasn’t Changed in 50 Years; How Can We Address It?

June 10, 2015


During a speech at Georgetown University this past May, President Obama voiced the need to resume the War on Poverty, expressing the 40% drop in the poverty rate since its inception. It is true that in 1950 the poverty rate stood at a staggering 32.3%, but the fact that the percentage of those in poverty has remained the same since[...]