NYCSEA

Abstract: Wealth and social inequality in the United States have been growing. The wealth gap and its implications remain a significant issue for economic policy and social justice in the United States. Those inequalities in the U.S. show several trends and disparities among different groups. The wealth gap between Black and White families, as well as between Hispanic and White families, remains substantial. These gaps illustrate long-standing wealth disparities between these groups. Wealth is increasingly concentrated among the top percentiles, leaving the majority with a smaller share of the total wealth. This trend is exacerbated by racial disparities, with White households holding a disproportionately larger share of real wealth. The United Nations Development Programme(UNDP) uses the Human Development Index (HDI) to assess poverty based on indices and provides an extensive overview of development status.
For statistical and computational analysis, this study used various data from the U.S. Census Bureau, including the multi-dimensional poverty index developed by the United Nations Development Programme(UNDP). Since the assessment goes beyond financial poverty, deprivation can emerge in many forms; it is more practical to use the data to analyze the status of levels of multi-dimensional poverty. 
This research studied the complex nature of social inequality and a multi-dimensional measure of poverty, analyzing the persistent and multi-faceted disparities along racial, generational, and educational lines. This paper shows the specific criteria for determining multi-dimensional poverty can vary depending on the methodology used. Through social welfare services, the homeless and people in severe poverty are getting services and aid that are not enough. Accordingly, the relationship between the economic indicators and homelessness was used to determine whether homeless people could effectively escape homelessness as the indicators vary.
For the numerical simulations in the presented research, a substantial amount of effort was made on effective data collection to understand the extent and causes of inequality and poverty. After that, statistical and computational analyses based on the datasets were performed in the current exploratory data analysis.

References

1. U.S. Census Bureau: Provides data on poverty rates and demographic analysis, essential for understanding the broader context of wealth inequality. 

2.  World Bank: The World Bank conducts extensive research on global poverty and inequality, including multidimensional aspects. They publish reports and provide data related to poverty indicators. Website: World Bank Poverty

3. United States Census Bureau: The U.S. Census Bureau regularly publishes data and reports on poverty and income in the United States, including various dimensions of poverty. Website: U.S. Census Bureau Poverty Data

4.  U.S. Department of Health & Human Services: This department provides resources and information related to poverty and poverty alleviation programs in the United States. Website: HHS Poverty Guidelines

5.  The World Poverty Clock: The World Poverty Clock provides real-time data on global poverty estimates, including multidimensional poverty, by country. Website: World Poverty Clock

6. U.S. Bureau of Labor Statistics (BLS): The BLS provides data on unemployment rates, job growth, and other labor market indicators, which can be correlated with trends in homelessness. 

7. Economic Roundtable: A nonprofit organization providing research on economic, social, and environmental issues. They have conducted studies on homelessness, particularly in relation to economic factors in specific regions.

8. The National Bureau of Economic Research (NBER): NBER working papers and publications often explore the links between economic conditions and social issues, including homelessness. 

9. Reports from the U.S. Census Bureau: The Census Bureau provides data on poverty, income, and housing, which are crucial for understanding economic conditions related to homelessness. 

10. National Alliance to End Homelessness: This organization offers reports and policy analyses on homelessness, including the impact of economic factors such as unemployment and housing affordability. 

11.  Global MPI Database: The Global MPI Database, maintained by OPHI, offers detailed information on multidimensional poverty in numerous countries. Website: Global MPI Database

12. United Nations Development Programme (UNDP): UNDP publishes the annual Human Development Report, which includes information on the Multidimensional Poverty Index (MPI) for countries where data is available. Website: UNDP Human Development Reports