Povert delibrating impacts on U.S urban communitiesa Essay

Povert delibrating impacts on U.S urban communitiesa - Essay Example For example, The World Bank sets poverty consumption levels as an individual living on less the $2.00 a day, this is a world total. In the U.S., the poverty level is listed in the table below provided by the Federal Register: Even though the U.S has a strong economy in comparison to other countries that does not mean much, as a significant percentage of the population is struggling to survive. The United States has the largest national economy in the world, with a GDP for 2005 of 12.41 trillion dollars. In this mixed economy, corporations and other private firms make the vast majority of microeconomic decisions, and governments prefer to take a minimal role in the domestic economy. Because of this, the U.S. has a small social safety net, and business firms in the U.S. face considerably less regulation than those in many other nations (Facts About the United States, Worldfacts). On the global level, poverty has been estimated that in  2001, 1.1 billion people had consumption levels below $1 a day and 2.7 billion lived on less than $2 a day (Economics of Social Issues, 2006, page, 3). At the same time, the Census Bureau released its latest estimate of the fraction of Americans living below the poverty li ne. It was higher in 2001 (11.7 percent) than in 1973 (11.1 percent). The official measure indicates that a greater portion of families and children live in poverty in America today than three decades ago. Poverty alleviation dominates the global agenda in the 21st century, as is featured in the Millenium Development Goals of the United Nation. The effect of poverty on the society varies across the urban and rural areas as it does across countries. It is estimated that, with urbanization, nearly 40 percent of the world’s population live in cities and by 2020, the growth in urban population will be faster in low-income countries than in high-income ones, leading to an even higher incidence of urban poor