Tuesday, August 16, 2016

What percentage of Europe is under the US poverty line?

What percentage of Europe is under the US poverty line?

The European Union and the United States measure poverty in a different way. The EU takes the income distribution and sets a percentile at which anyone below it is poor. The USA calculates the cost of basic of a basket of necessities, which becomes a threshhold or "poverty line." Because the cost of living varies from country to country, the EU method is more appropriate for international comparisons.


This is a repost from my replies to questions posted on Quora, a question-and-answer site where questions are asked, answered, edited and organized by its community of users, at quora.com. The questions in italics and their subtexts are not mine.
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