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Cutting Poverty and Expanding Opportunity


Good jobs that pay a living wage are key to addressing U.S. income inequality. Photo: Roofers install solar panels on a home in the District of Columbia (Courtesy of Mt. Pleasant Solar Coop).

By Allie Gardner

The U.S. economy is continuing to slowly, steadily recover, but too many families are not sharing in the nation’s economic growth, according to a new report from Half in Ten

“Resetting the Poverty Debate: Renewing Our Commitment to Shared Prosperity” finds that income inequality remained high even as the economy grew during the last year. This annual report tracks the nation’s progress toward cutting poverty in half over the next decade, and recommends a set of policy priorities that would help more families escape poverty and enter the middle class. The report cites job creation, boosting wages, and investing in family economic security as means of accomplishing this, and also calls on Congress to end sequestration, and invest in programs that keep Americans out of poverty.

Increasing the minimum wage would help narrow the gap between productivity and compensation, as well as boost the income of low-wage workers, the report finds. While the top five percent of U.S. income earners are the only group that has seen an increase in income since the end of the recession, poorly compensated workers have seen the largest declines in their wages over the last ten years.

The importance of federal safety net programs, such as SNAP (formerly food stamps) and Social Security, is also noted. The former has helped stabilize the food-insecurity rate in recent years, and the latter lifted the income of 25.6 million Americans above the supplemental poverty line. Rev. David Beckmann, president of Bread for the World, stressed the importance of these programs at the launch event for the report. Beckmann explained that SNAP “is very vulnerable to deep, deep cuts,” as many members of Congress do not prioritize it. “All of us need to rally around SNAP,” Beckmann added. 

Cutting poverty in half over the next ten years is an important mission.  In order to achieve this goal, Bread for the World believes that hunger and poverty must be put on the national agenda during the next election. Additionally, we must continue to remind our members of Congress that our nation's budget has to be a moral document that reflects our nation's concern for the most vulnerable. 

Allie Gardner is an editorial intern at Bread for the World.

 

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