What has the Commission produced?
Posted: Sat Feb 08, 2025 4:47 am
Since launching its new poverty metric, the Commission has received widespread support from commentators and politicians from across the political spectrum. Most significantly, in May 2019 the Government announced it would be developing experimental measures of poverty based on the Commission’s approach.
The Commission’s measure of poverty goes beyond south korea rcs data conventional metrics that look only at incomes by also accounting for the positive impact of people’s liquid assets (such as savings, stocks, and shares) on alleviating immediate poverty and the range of inescapable costs that reduce people’s spending power. These inescapable costs include rent or mortgage payments, childcare, and the extra costs of disability.
As well as reporting on the number of families in poverty, our approach also seeks to understand more about the nature of that poverty and families’ experiences. It provides measures of the depth and persistence of poverty, as well as including a range of Lived Experience Indicators that capture issues such as mental and physical health, employment, isolation, and community engagement.
The Commission’s measure of poverty goes beyond south korea rcs data conventional metrics that look only at incomes by also accounting for the positive impact of people’s liquid assets (such as savings, stocks, and shares) on alleviating immediate poverty and the range of inescapable costs that reduce people’s spending power. These inescapable costs include rent or mortgage payments, childcare, and the extra costs of disability.
As well as reporting on the number of families in poverty, our approach also seeks to understand more about the nature of that poverty and families’ experiences. It provides measures of the depth and persistence of poverty, as well as including a range of Lived Experience Indicators that capture issues such as mental and physical health, employment, isolation, and community engagement.