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poverty were very similar. In 2021 and 2022, however, changes in income and consumption poverty were quite different …--consumption poverty fell less than income poverty in 2021, and then income poverty rose sharply in 2022 while consumption poverty … measures appears to be saving during the pandemic followed by dissaving, even among those near the poverty line. This finding …
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Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....
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