In response to longstanding criticism of the official poverty measure, the Census Bureau has developed a new supplemental measure that will likely do a better job of capturing people’s economic well-being. It will do so by making a more accurate accounting of in-kind benefits received from the government, necessary expenses (like child and health care), and regional cost differences. The new measure does not include a savings component to might reflect an additional dimension of vulnerability but it should be a major step forward.
My friend Juliane Baron is organizing a webinar this week focusing on what the supplemental measure tells us about children living in poverty. This will be particularly of interest since it should provide a fuller picture of the Great Recession and how our public policies have both mitigated and compounded its impact.
The lineup and webinar details are below: