Poverty Just Ain’t What It Used To Be

The-Circle-Bastiat-311

“A newly released report by the U.S. Census Bureau indicates that most Americans  living below the bureaucratically designated ‘poverty line’ enjoy most modern conveniences.  For example more than 80 percent of U.S. households below the poverty line have a: refrigerator (97.8%); stove  (96.6%); television (96.1%); microwave oven (93.1%); air conditioner (83.4%); VCR/DVD player (83.2%); and cell phone (80.9%).  In addition, more than half of  households beneath the poverty level also have a:  clothes washer (68.7%); clothes dryer (65.3%);  computer (58.2%); and landline telephone (54.9).”

http://bastiat.mises.org/2013/09/poverty-just-aint-what-it-usedto-be/

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