One look at the First World reveals a much darker side to poverty
Although these hapless Hispanics have a poverty rate of 22.5%, stunningly, this figure is still lower than that of African Americans, 24.4% of whom languish below the poverty line! The better off Asians and the Whites have a poverty rate of 11.8% and 8.2% respectively.
Across the Atlantic, in Britain, 12.4 million families, which make up 22% of the population, resides below the poverty line. A research has revealed 7 million workers compulsively live at less than 6.50 pounds an hour. In this trying time economic slowdown across the world, poverty is no longer a myth amongst the developed countries, but an alarming reality as is evident in France with 6.2% living below poverty line, while Netherlands has the figure at 10.5%. Any day better than the poverty figure of Africa... 50%!
Although these hapless Hispanics have a poverty rate of 22.5%, stunningly, this figure is still lower than that of African Americans, 24.4% of whom languish below the poverty line! The better off Asians and the Whites have a poverty rate of 11.8% and 8.2% respectively.
Across the Atlantic, in Britain, 12.4 million families, which make up 22% of the population, resides below the poverty line. A research has revealed 7 million workers compulsively live at less than 6.50 pounds an hour. In this trying time economic slowdown across the world, poverty is no longer a myth amongst the developed countries, but an alarming reality as is evident in France with 6.2% living below poverty line, while Netherlands has the figure at 10.5%. Any day better than the poverty figure of Africa... 50%!
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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