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September 16th, 2010

Via: NPR:

This morning, the U.S. Census Bureau released its annual report on income, poverty and health insurance in the U.S. The poverty rate in 2009 rose by 1.1 percent, to 14.3 percent.

According to the agency, “there were 43.6 million people in poverty in 2009, up from 39.8 million in 2008 — the third consecutive increase.”

What makes someone poor, or in bureaucratic-speak, what is the “poverty threshold”? The Census Bureau explains, using numbers from the Consumer Price Index. For a family of four, for example, the weighted average poverty threshold was $21,954.

Posted in Economy Top Of Page