The Dynamics of Poverty By David Henderson

Every year at this time, when the U.S. Census comes out with its report on incomes and poverty, there is a special section titled “The Dynamics of Poverty.” It always shows that there is mobility between income categories, even in the short run, and that poverty is temporary for most people in America who experience it. Virtually all reporters ignore it.

This year’s report is no exception, and I’m reprinting it here.