What Is The Best Way To Measure Poverty in Britain?
What is the best way to measure poverty? Intuitively, this question might not seem necessary – surely, we know poverty when we see it. But while we can probably agree that the inhabitants of Victorian slums were in poverty, in many cases today things aren’t so clear cut.
Our Chief Economist Julian Jessop examines this question in light of recent research from the Joseph Rowntree Foundation, warning of rises in child and pensioner poverty.
Interviewed by Digital Officer Madeline Grant, the pair go through some of the available metrics for determining poverty from absolute measures and cut off points to ‘relative’ ones, which compare individuals’ standard of living with those in the societies they live in.
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Our Chief Economist Julian Jessop examines this question in light of recent research from the Joseph Rowntree Foundation, warning of rises in child and pensioner poverty.
Interviewed by Digital Officer Madeline Grant, the pair go through some of the available metrics for determining poverty from absolute measures and cut off points to ‘relative’ ones, which compare individuals’ standard of living with those in the societies they live in.
SUBSCRIBE to our YouTube channel: https://www.youtube.com/user/iealondon
FOLLOW US on Twitter: https://twitter.com/iealondon
LIKE US on Facebook: https://www.facebook.com/ieauk/
LEARN MORE at: https://iea.org.uk/