What is poverty and how povety is determined
Answers
Answer:
Poverty is about not having enough money to meet basic needs including food, clothing and shelter.
Explanation:
Poverty is measured in the United States by comparing a person’s or family’s income to a set poverty threshold or minimum amount of income needed to cover basic needs. People whose income falls under their threshold are considered poor.
The U.S. Census Bureau is the government agency in charge of measuring poverty. To do so, it uses two main measures, the official poverty measure and the Supplemental Poverty Measure, both of which are described in this FAQ.
The Census Bureau determines poverty status by using an official poverty measure (OPM) that compares pre-tax cash income against a threshold that is set at three times the cost of a minimum food diet in 1963 and adjusted for family size.
The OPM uses calculations of these three elements—income, threshold, and family—to estimate what percentage of the population is poor.
The official poverty estimates are drawn from the Current Population Survey Annual Social and Economic Supplement (CPS ASEC), which is conducted in February, March, and April with a sample of approximately 100,000 addresses per year.
In 2016, the most recent year for which data are available, the OPM national poverty rate was 12.7 percent. There were 40.6 million people in poverty.
Answer:
poverty is a state or condition in which a person or community lacks the financial resources and essential for a minimum standard of living .. poverty means that the income level from employment is so low that the basic needs can't be met ....
Explanation:
poverty is measured by comparing a person's or family's income to a set poverty threshold needed to cover basic needs of life