Tuesday, July 08, 2014

Child poverty/hardship rates down

MSD has just released this years Household Incomes Report. There's lots to digest but for now here's the main political development, the one the Left is waiting for:

In HES 2013, child poverty rates were around 3 percentage points lower on all but one of the standard measures compared with what they were immediately after the GFC impact in HES 2010 and 2011...

Using MSD’s Economic Living Standards Index (ELSI), hardship rates for children rose from 15% in the 2007 HES to 21% in HES 2011, then fell to 17% in HES 2012. The trend finding is robust, though the actual levels at any time depend on a judgment call on the threshold used.

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