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Poverty Is Low Consumption and Low Wealth, Not Just Low Income
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Headey, Bruce – Social Indicators Research, 2008
The purpose of this paper is to suggest an improved measure of financial poverty, based on household consumption and wealth as well as income. Data come from the Household, Income and Labour Dynamics Australia (HILDA) Survey, which appears to be the first national socio-economic panel survey to provide longitudinal data on all three measures of…
Descriptors: Expenditures, Poverty, Low Income, Economically Disadvantaged