Professor Bruce D. Meyer Discusses Poverty Rate Measurement

Harris Public Policy Professor Bruce D. Meyer was featured in Forbes, discussing poverty rate calculations in his research with James X. Sullivan. 

"The official poverty rate focuses on income to define poverty, but what people really care about is consumption—how much food, clothing, and housing people have," says the article. "Using consumption as the measure of poverty instead of income, economists Bruce Meyer and James X. Sullivan find that the poverty rate is only about 3%."

Full coverage available in Forbes.