Following up on his last cartoon infographic exploring “the poverty threshold” in the United States, graphic journalist Andy Warner digs into the concept behind “the poverty line,” the origins of that measurement and why it’s considered so outdated today. View it below in full, or in segments as a slideshow. Continue reading
By Andy Warner
Earlier this month — back in the good ole’ days when our government was actually functioning (sort of) — the U.S. Census Bureau released a series of 2012 income data for American households (and no, I can’t provide the link, because the Census site is still closed for business). The figures shows that despite the nation’s supposed economic recovery, average American household incomes didn’t really budge from where they were the year before. Meanwhile, the poverty rate remained at roughly the same level as it was in 2011 as well. The data underscore a growing gap in wealth inequality in America, with the incomes of lower and middle class households stagnating, while those among the wealthiest continue to rise at a rapid clip. In this comic infographic, graphic journalist Andy Warner breaks down these figures and what they mean for the millions of average American families still just scraping by. To view it as a slideshow in individual segments, click the thumbnail below.
When Benjamin Franklin famously wrote that “in this world, nothing can be said to be certain, except death and taxes,” he neglected to mention a third absolute: our government’s eternal failure to agree on how high those taxes should be and what they should pay for.
As long as our nation continues to spend a lot more than it takes in, the issue will continue to be a saga between conservatives and liberals, the former fighting for lower taxes, fewer public services, and smaller government; the latter pushing for higher taxes on the wealthy, more government revenue, and a preservation of the social safety net. It’s like a really boring, annoying version of the NeverEnding Story (without the cool flying animals). Just think about the last few months in Washington: we narrowly averted hurling ourselves over the fiscal cliff only to re-enter into a battle over the debt ceiling. Continue reading
Putting a roof over your head in the Golden State doesn’t come cheap. Even with the second-highest unemployment rate in the country (after Nevada) and one of the highest rates of home foreclosures, California still remains among the most expensive states in the country to live in. The median home value here is 1.8 times the national average.
and the HUD-defined fair-market rate for a modest two-bedroom unit plus utilities is about $1,360 (compared to $960 nationally). The state has six of the top 10 most expensive home-buying markets in the country and five of the top 10 rental markets. Continue reading