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- Sep 2022
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Results indicate that between the ages of 20 and75 years, nearly 60 percent of Americans will experience living for at least 1 yearbelow the official poverty line, while three-fourths of Americans will encounterpoverty or near- poverty (150 percent below the official poverty line).4
Mark Rank and Thomas Hirschl's research based on the Panel Study of Income Dynamics (PSID) using risk assessments using life tables show that nearly 60 percent of Americans between 20 and 75 will live for at least 1 year below the poverty line and 75% of Americans will encounter poverty or near-poverty (defined as 150 percent below the official poverty line).
Cross reference:<br /> Mark R. Rank and Thomas A. Hirschl, “The Likelihood of Experiencing Relative Poverty Across the Life Course,” PLoS One 10 (2015): E01333513.
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