Poverty, by America book cover

Poverty, by America by Matthew Desmond Summary

Poverty, by America
Matthew Desmond
3.33 (3 Reviews)
Social Issues
Economics
Politics
Overview
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Overview of Poverty, by America

In "Poverty, by America," sociologist Matthew Desmond exposes how the wealthy perpetuate poverty through exploitation. Praised by The New Yorker as "urgent and accessible," this provocative 2023 bestseller challenges readers: Are your everyday choices unknowingly keeping millions poor? Become a "poverty abolitionist" and rewrite America's economic story.

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Key takeaways

1

America's Poverty Paradox: A Nation of Abundance and Scarcity

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In the wealthiest nation on earth, 11 million children still go to bed hungry. This isn't a failure of resources-America has enough wealth to end poverty tomorrow. Rather, it's a deliberate economic design that benefits the affluent while extracting billions from the poor. Imagine walking through a grocery store where 40% of food will be thrown away, then passing a family who can't afford dinner. This jarring contradiction defines American poverty: not a lack of resources, but a failure of distribution. What makes this reality so perplexing is how poverty persists alongside such abundance. Unlike global absolute poverty, American poverty exists within arm's reach of plenty. Vacant properties often outnumber homeless individuals in major cities. The gap between our productive capacity and the lived reality of our poorest citizens highlights how poverty is maintained through policy choices, from tax structures to housing policies to wage suppression. The intergenerational transmission of disadvantage is equally striking-children born into the bottom income quintile have only a 7.5% chance of reaching the top, while those born wealthy have a 40% chance of staying there. This isn't just bad luck; it's a system working exactly as designed.

2

The Poverty Machine: How We Keep the Poor Poor

3

The Decline of Worker Power: How Labor Lost Its Voice

4

The Hidden Welfare State: How the Rich Get Richer

5

The Poverty Premium: Why Being Poor Costs More

6

Breaking the Cycle: Solutions That Actually Work

7

From Scarcity to Abundance: Reimagining a Nation Without Poverty

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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
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@Erin, Investment Banking Associate , NYC
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@djmikemoore
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@Raaaaaachelw
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
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108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
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254
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17

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
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"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

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