Total individuals living below the poverty line: 6,303 – Percent of individuals living below the poverty line: 24.7% Total individuals under 18 years old living below the poverty line: 1,124 – Percent of individuals under 18 living below the poverty line: 46.0% Total employed individuals living below the poverty line: 950 Total individuals living below the poverty line: 3,771 – Percent of individuals living below the poverty line: 24.5% Additionally, the definition of family is often not reflective of modern society and households. They fail to account for the vast cost of living differences based on geography, the cost of housing, child care, transportation, medical care, or taxes. But the reality of economic hardship does not abide by the output of a calculation, nor is the lived experience the same way from person to person.īasic needs extend well beyond the cost of food alone, and these thresholds do not reflect this reality. By this definition, the poverty threshold today for a family of four is roughly $26,000 annually for an individual, that number is $13,000. These thresholds are established by tripling the cost of the most basic food plan in 1963-the year they were created- and adjusting for family size and annual inflation. When you consider the implications of falling on either side of these thresholds-like qualifying for various federal assistance or not- the formula is staggeringly simple.
is a grossly outdated and incomplete barometer of financial security. Many experts argue that the poverty measure in the U.S. Get daily news, weather, breaking news and alerts straight to your inbox! Sign up for the abc27 newsletters here.
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