Claims of "millions" of children in the U.S. mired in extreme poverty — that is, surviving on $2 or $4 a day — are exaggerated, a new working paper from the National Bureau of Economic Research finds. The researchers checked people's claims on income surveys against administrative data from the Internal Revenue Service, the Social Security Administration, and the states. They found some of the households reported as extremely poor on income surveys actually had assets worth $1 million. The $2 a day households numbered about 285,000 and included almost zero children. Read the whole column please at Newsmax (here) and Reason (here).
How Many Extremely Poor in the U.S.?