Poverty Threshold
The poverty threshold in the U.S. is updated each year by the U.S. Census Bureau. The number is adjusted according to inflation to reflect the updated cost of living in particular areas. In a typical year, it is estimated that nearly 12% of Americans are living below the poverty threshold. Poverty thresholds depend on the number of people living in the household.
Read more about this topic: Income Deficit
Famous quotes containing the words poverty and/or threshold:
“The organization controlling the material equipment of our everyday life is such that what in itself would enable us to construct it richly plunges us instead into a poverty of abundance, making alienation all the more intolerable as each convenience promises liberation and turns out to be only one more burden. We are condemned to slavery to the means of liberation.”
—Raoul Vaneigem (b. 1934)
“The poorest man may in his cottage bid defiance to all the forces of the Crown. It may be frail—its roof may shake—the wind may blow through it—the storm may enter—the rain may enter—but the King of England cannot enter!—all his forces dare not cross the threshold of the ruined tenement!”
—William Pitt, The Elder, Lord Chatham (1708–1778)