Family budget methodology
Answers
Federal poverty line has traditionally used to calculate whether families have high incomes to enable them to meet basic requirements.
Most researchers now agrees that “poverty line” income isn't sufficient to support maximum working families.
“Normal family budgets” for communities nationwide and type of family gives a realistic measure of income required to have safe basic standard of living.
Family Budget methodology helps you confirm income required for specific types of families to make ends meet.
As costs of goods and services differ across U.S. calculator customizes budgets for every U.S. community over 600 MSAs in all.
It's significant to note that basic family budget is truely “basic.”
It consists only amounts a family needs for spending for feeding, shelter and clothes to get to work and school and subsist in 21st America.