The growing consensus is that the war on poverty has not failed once you use more appropriate measures, according to John Cassidy in the New Yorker. To see the article: Click Here.
He shows a chart using the official poverty measure. The official poverty measure was created in 1963 based on a multiple of a thrifty meal plan. It has long been regarded as an inaccurate measure in terms of actually measuring what people need to meet basic costs of living (technical term: it lacks content validity). However, it has the benefit of being reliable because it is the same measure merely adjusted for inflation, so it is an apples-to-apples comparison.
Other measures have been proposed, and he shows how the data looks using a revised measure created by the Census Bureau and used by researchers to do a more accurate analysis. Cassidy writes about the solid red line: “It represents the Columbia researchers’ estimate of historical poverty rates according to a new and more comprehensive measure of need that the Census Bureau created in 2011, known as the supplemental poverty measure (S.P.M.). According to this revised metric, the poverty rate in 1967 was as high as twenty-six per cent. It has since fallen dramatically, to sixteen per cent in 2012; in the period immediately before the Great Recession, it fell below fifteen per cent.” Continue reading