Despite the Statistics, We Haven\u2019t Lost the War on Poverty

Economics Professors and Directors of the Center for Poverty Research Marianne Page and Ann Huff Stevens publish op-ed in TIME.

It’s been more than a half-century since President Johnson officially launched the War on Poverty, in his State of the Union address delivered on this day in 1964, and declaredthat the U.S. had “the power to eliminate poverty from an entire continental nation.”

In the decades that followed his decision to invest in jobs, training and aid, the U.S. has experienced, by some measures, tremendous prosperity. GDP per capita—a measure of the value of goods and services produced in the U.S., a commonly used indicator of living standards–has nearly doubled, from less than $25,000 per person to nearly $50,000. At the same time, our key measure of economic hardship, the official poverty rate, has barely budged from 15 percent in the past 50 years.

Read more at TIME.