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:
“Humility like darkness reveals the heavenly lights. The shadows of poverty and meanness gather around us, “and lo! creation widens to our view.””
—Henry David Thoreau (1817–1862)
“We, who have already borne on the road to Paradise the lives of the best among us, want a difficult, erect, implacable Paradise; a Paradise where one can never rest and which has, beside the threshold of the gates, angels with swords.”
—J.A. (José Antonio)