A Shortage In Opportunity Leaves A Deficit Generationally
In January 1964, President Lyndon B. Johnson declared an “unconditional war on poverty in America” during his first State of the Union address. Johnson called for an all-out war against poverty and unemployment in the United States.” This involved a series of social programs enacted in 1964-1965 that were considered the most ambitious domestic policy initiatives since the Great Depression. Q3 2022 hedge fund letters, conferences and more As an example, compared to 1964, the official poverty rate has dropped only modestly, from 19% to 15% in 2012. In 2020, the official poverty rate was 11.4%, u...