Poverty continues to preoccupy us. According to the British Social Attitude Survey, the majority view is that there is “quite a lot” of poverty in Britain today, and many expect it to increase over the next ten years. Domestic poverty featured in the manifestoes of all major parties, and keeps dozens of campaign groups busy. But given the widespread attention the topic receives, it is surprising how little we know about poverty. As I argue in my IEA research report A New Understanding of Poverty, the poverty measures employed by the government omit information and important factor.
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