Matteo Ricci College
Poverty Education Center

PEC Blog Post

  • The American poor are better off, but farther behind

    The New York Times has an interesting look at how costs for goods and services have changed over the last several decades. Some things--such as televisions and computers--are much less expensive relative to decades ago, while other things--especially college tuition--are much more expensive.

    "Indeed, despite improved living standards, the poor have fallen further behind the middle class and the affluent in both income and consumption. The same global economic trends that have helped drive down the price of most goods also have limited the well-paying industrial jobs once available to a huge swath of working Americans. And the cost of many services crucial to escaping poverty — including education, health care and child care — has soared."

    Read the whole article.

     

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