A new way to measure poverty shows the US falling behind Europe 😔

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Olivier Sterck, an economist at Oxford, introduces a new measure of poverty called 'average poverty', which reveals that poverty in the US is significantly higher than in Europe, despite higher average incomes. The time needed to earn $1 is 63 minutes in the US compared to 26 minutes in Germany, indicating a growing inequality in the US. Since 1990, average poverty in the US has increased due to rising inequality, while it has declined in Europe.