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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 poverty rate of people between the ages of 18 and 64 was 10.7%, or 21.1 million people. Of these, nearly half, 5.1%, were working at least part-time. [9] Using the US Census Bureau's definition of poverty, the working poverty rate seems to have remained relatively stable since 1978. [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.
[9] [10] By the OPM, the poverty threshold for 2021 for a single person was $13,800, and for a family of four was $27,700. [9] In 2020, the World Bank reported that 0.25% of Americans lived below the international definition of extreme poverty, which is living on less than $2.15 per day in 2017 Purchasing Power Parity dollars.
Roughly 1 in 7 Americans live below the federal poverty line.
[1] [2] The classification was first studied by the U.S. Census in a 2014 report that showed the number of people living just above the poverty line had decreased since the 1960s, believed to be due to an increase in the number of people who have fallen beneath the poverty line. [2] Children are particularly at risk of poverty and near-poverty.
Income deficit is the difference between a single person or family's income and its poverty threshold or poverty line, when the former is exceeded by the latter. [1] Data on the income deficits of various members of a population allow for the construction of one type of measurement of income inequality in that population.
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 ...