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War Of Poverty Analysis

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Poverty is the state of being in extreme lack of money and/or food. It is a crucial state of being that no one wants to experience. Studies show that 17.9 percent families nation wide suffers in poverty. In addition to that,The United States Of America 2014 census bureau gave an census estimating, 14.6 million families suffering in poverty. There has not been a difference in the foregoing year. Thus meaning that the poverty level is only staying stagnant. This means that a majority of families are lacking jobs and is relying on government resource. This is a serious issue for the U.S. Economy because it can cause higher taxes,low government spending and more spending on government welfare. In 1964 the “Economic oppurtunity act” which placed the “ War of poverty “ in effect was signed and passed by President Lyndon B Johnson, in his state of the union message.The EOA act was cultivated to give free educational oppurtunities, provide job training and, loans to small business to create jobs for the unemployed.There was endless amounts of programs and coummunity action angies avaliable for assistance.In the light of terminating not only the cause of poverty but the consequances. …show more content…
This causes an extreme strain on the growth of the econmy,inaddtion to this the more poverty grows the more the GDP is being affected. The GDP is the overall measurement of the economy.It contains the percentage of the consumption rate, which is the calculation of good and services being bought. Poverty affects the consumption rate. The cause of poverty increasing can be due to recissions, depressions and most importantly

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