Definition
For individuals in poverty, this shows the total amount of money by which their income falls below their poverty threshold, categorized by race.
Why It Matters
Quantifies the total financial gap for individuals in poverty within specific racial groups. This highlights persistent racial disparities in the severity of economic hardship and helps target financial support more precisely.
Specific Relevance for Professionals:
Marketers
Relevant for organizations providing financial aid, essential goods, or job placement services to support individuals experiencing severe economic hardship, helping to direct resources to communities disproportionately affected by deep poverty.
Researchers
Fundamental for studying racial inequalities in economic well-being, the depth of poverty within different racial groups, and the effectiveness of support programs in closing the income gap for specific racial communities.
Consultants
Useful for advising non-profit organizations or government agencies on resource mobilization and program design for specific racial groups facing significant income shortfalls.
Public Policy Workers
Crucial for designing race-equitable social welfare programs, addressing systemic disparities in economic opportunity, and ensuring financial assistance is directed effectively to racial groups experiencing the deepest levels of poverty.
