#GDP can be misleading when it comes to assessing #poverty. This research uses
"“Average poverty” which is defined as the average time needed to earn $1. The measure is inclusive, distribution-sensitive, decomposable, and aligns with how both experts and the public conceptualise poverty"
Unlike in Europe, average poverty has increased in the US, because average #inequality grew faster than average income
#economics #income #gini
https://www.euronews.com/business/2026/03/29/a-new-way-to-measure-poverty-shows-the-us-falling-behind-europe

A new way to measure poverty shows the US falling behind Europe
The time needed to get $1 in international dollars is 63 minutes in the US. This is about twice the average in Germany, France and the UK according to an Oxford University researcher. This suggests that average poverty is significantly higher in the US.




