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The poverty threshold, poverty limit, poverty line, or breadline [1] is the minimum level of income deemed adequate in a particular country. [2] The poverty line is usually calculated by estimating the total cost of one year's worth of necessities for the average adult. [ 3 ]
The second table lists countries by the percentage of the population living below the national poverty line—the poverty line deemed appropriate for a country by its authorities. National estimates are based on population-weighted subgroup estimates from household surveys. [9] Definitions of the poverty line vary considerably among nations.
This is a calculation of the percentage of people whose family household income falls below the Poverty Line. The main poverty line used in the Organisation of Economic Cooperation and Development (OECD) and the European Union (EU) is based on "economic distance", a level of income set at 60% of the median household income. [44]
The official poverty line today is essentially what it takes in today's dollars, adjusted for inflation, to purchase the same poverty-line level of living that was appropriate to a half century ago, in 1955 ....
Poverty is widely understood to be multidimensional, comprising social, natural and economic factors situated within wider socio-political processes. The main poverty line used in the OECD and the European Union is a relative poverty measure based on 60% of the median household income. The United States uses an absolute poverty measure based on ...
It's old and outdated, but here's why the poverty rate still matters. The family that the poverty line was designed around is quickly disappearing Skip to main content
For example, the poverty head count ratio at national poverty line (percentage of population) in India was last reported at 21.9% in 2011. [3] In July 2012, The New York Times reported the poverty head count ratio as 11.1% of the population of the United States in 1973, 15.2% in 1983 and 11.3% in 2000. [4]
In May 2014, after revisiting its poverty definition, methodology and economic changes around the world, the World Bank proposed another major revision to PPP calculation methodology, international poverty line and indexing it to 2011 US dollar. [40] The new method proposes setting poverty line at $1.78 per day on 2011 PPP basis.