Economics 101: Poverty Rate | SterlingTerrell.net

Economics 101: Poverty Rate

What is the poverty rate?

The Poverty Rate is the percent of population that's income is below a level called the poverty line.

It comes out to about the bottom 10 - 20% of wage earners.

Remember though that "poverty" is relative.

Poverty in the USA and Germany, is not exactly the same as poverty in Ethiopia and Sudan.