Ok so this chart is by far the stupidest thing I’ve seen today, but then again its still early. The way they are determining poverty is by each national median instead of using A SINGLE DETERMINABLE NUMBER FOR WHAT POVERTY IS!!!
The national median income of Iceland is 410,000 Kronas which works out to $3,161, while the U.S. median income is $51,413. So someone in American earning 8 times what the median income is in Iceland will still be considered POOR BY THIS STUPID CHART!
Future Journalism Project, do yourselves a favor and file this one under: do some research before just posting some nonsense bullshit chart.
Some helpful info so you can fact check me:
FJP: Ok, we’re game. First we’ll note that we include a definition in our post for what relative poverty is because it’s… relative. Which is what we note.
Second, you seem to ignore the cost of living and purchasing power of individuals across all countries. As in, a dollar in the cluster of countries surrounding the United States in this chart goes much further than a dollar in the United States.
Third, let’s fact check, as you request. The median income in Iceland (your example) is not $3,161. It’s $38,000. (Pro Tip: the CIA World Fact Book can be your friend).
Fourth, relative poverty is a standard measurement used by agencies around the world because it actually tells us something about those that have and those that don’t in specific countries.
Fifth, we call the chart unfortunate because — now remember our definition, “the percentage of children aged 0 to 17 ‘living in a household in which disposable income, when adjusted for family size and composition, is less than 50% of the national median income’” — it shows a gross disparity and increasing poverty in the United States.
Thank you for your comments. — Michael