
I haven’t had the time to read all 118(!) pages of this report, but I wanted to share it before it gets swallowed by the paper monster that is my desk right now. The Board of Governors of the Federal Reserve System published Putting Data to Work: Data-Driven Approaches to Strengthening Neighborhoods.
The report looks at how communities are building and using data systems to target resources. Individual sections are written by authors from The Urban Institute, LISC, Brookings, The Reinvestment Fund, and other organizations. The report is part of a broader effort from the Federal Reserve, Urban Institute, The Reinvestment Fund, and LISC to “help communities develop the infrastructure and data sources they need to make strategic policy decisions with respect to neighborhood stabilization.”



The “official” poverty measure, in use since the 1960’s, was established based on the cost of a minimum diet at that time multiplied by three. It varies depending on family size, and has increased a bit each year. The new measure, the less-than-creatively named Supplemental Poverty Measure (SPM), makes several important corrections to more accurately reflect today’s realities. It includes certain benefits and tax credits and excludes taxes, certain work expenses, and certain medical expenses. It considers the cost of not only food, but also clothing, shelter and utilities. It considers geography and housing status, and defines a “family” slightly differently than the official poverty measure. 



