South Korea's top policy official Kim Yong-beom called the latest household financial welfare statistics "shocking," citing a widening income gap and rising poverty, and pledged urgent government action to address worsening inequality.
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#HouseholdFinancialWelfare #IncomeGap #BankOfKorea #PovertyRate #GiniCoefficient
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94187
Kim Yong-beom - 'Household Financial Welfare Statistics Are Shocking—Left Me Depressed and Saddened' (Comprehensive) - Yonhap Infomax

South Korea's top policy official Kim Yong-beom called the latest household financial welf

Yonhap Infomax
Pak's Poverty Rate Rises To 25.3% In 2024-25: World Bank - Lokmarg - News Views Blogs

A recent World Bank (WB) report has raised alarms over the increasing poverty rate in Pakistan, emphasising the urgency for long-term, inclusive reforms to safeguard the country's most vulnerable communities, according to Dawn.

Lokmarg - News Views Blogs

"Here’s the simple takeaway: if you choose a very low poverty line, you get a very low poverty rate.

The very same #WorldBank report mentions that if we look at the $3.65 per person per day threshold, the #PovertyRate is 28.1%, which unfortunately is not as headline friendly."

In other words, if you cannot manage the economy, just manage the news headline.

https://m.thewire.in/article/economy/world-bank-report-on-indias-incredible-poverty-reduction-isnt-credible

World Bank Report on India’s Incredible Poverty Reduction Isn’t Credible

Here’s the simple takeaway: if you choose a very low poverty line, you get a very low poverty rate.

The Wire
SILC Module on the Impact of Childhood Poverty Experiences on Adult Life 2023 - Central Statistics Office

Poverty Indicators by Health Status - Survey on Income and Living Conditions SILC 2023 - Central Statistics Office

Well-being - Survey on Income and Living Conditions (SILC) 2023 - Central Statistics Office

Survey on Income and Living Conditions (SILC): Enforced Deprivation 2023 - Central Statistics Office

Survey on Income and Living Conditions (SILC) 2023 - Central Statistics Office

An influx of highly educated people from other states helped shift the state’s economic fortune. But in many parts of Texas, residents are struggling as jobs dry up.

https://www.houstonpublicmedia.org/articles/news/texas/2023/12/18/472575/texas-statewide-poverty-rate-declines-but-several-rural-counties-see-increase-in-poor-residents/

#News #Texas #COVID19 #PovertyRate #TexasPoverty #USCensusBureau

Texas’ statewide poverty rate declines, but several rural counties see increase in poor residents

An average of 13.9% of Texans lived below the poverty line from 2018 to 2022, down from 16% of Texans in poverty from 2013 to 2017.

Houston Public Media