United States: Could You Survive on $2 a Day?

But Edin and Shaefer wanted to see just how deep that poverty went. In doing so, they relied on a World Bank marker used to study the poor in developing nations: This designation, which they dubbed "extreme" poverty, makes deep poverty look like a cakewalk. It means scraping by on less than $2 per person per day, or $2,920 per year for a family of four.In a report (PDF) published earlier this year by the University of Michigan's National Poverty Center, Edin and Shaefer estimated that nearly 1 in 5 low-income American households were living in extreme povery; since 1996, the number of households in that category had increased by about 130 percent (118 percent if you use the latest numbers available). Among the truly destitute were 2.8 million children. Even if you counted food stamps as cash, half of those kids were still being raised in homes whose weekly take wasn't enough to cover a trip to Applebee's.In the researchers' eyes, it was a bombshell. But the media barely noticed. "Nobody's talking about it," Edin gripes. Even during a presidential campaign focusing on the economy, only a few local and regional news outlets took note of their report on the plight of America's poorest families. 

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