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:
“As poverty has been reduced in terms of mere survival, it has become more profound in terms of our way of life.”
—Raoul Vaneigem (b. 1934)
“I had a good talk with Alcott this afternoon. He is certainly the youngest man of his age we have seen,—just on the threshold of life. When I looked at his gray hairs, his conversation sounded pathetic; but I looked again, and they reminded me of the gray dawn.”
—Henry David Thoreau (1817–1862)