Friday 19 January 2018

Poverty trap getting worse

THE boom passed a lot of people by, and, now that everyone is worse off, the plight of those who were already caught in a poverty trap is increasingly desperate.

The rich may not be getting richer (at least as quickly as they used to), but the poor are certainly getting poorer.

New research shows that about a sixth of households were already living in poverty as the boom years faded.

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