Over the last 10 years, poverty measured by consumption has fallen much faster than poverty based on income (the official income measure shows poverty rising), and longer-term indicators like housing types and cars driven suggest the bottom has seen real improvement in living standards despite the awful last three years.

factualpending

Speaker

Bruce Meyer

Evidence Quote

the rate of poverty indicated by what people are consuming has gone down a lot faster than a rate based on income in fact the official income measure says that poverty has gone up

Source

Bruce Meyer on the Middle Class, Poverty, and Inequality 10/03/2011EconTalk
Created: 6/15/2026, 9:20:26 AM

My Notes

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