A new way to measure poverty shows the US falling behind Europe (euronews.com)

Oxford University economist Olivier Sterck’s research introduces a “average poverty” measure based on how long it takes to earn $1 in international dollars. Using this approach, the article says the US has substantially higher average poverty than Germany, France and the UK, suggesting the US is falling behind Europe despite higher average incomes. The comparison also varies depending on how poverty and living standards are measured, including purchasing power parity.