What’s Behind the New Measure of Poverty?
There’s a certain necessary arbitrariness in a lot of economic measurements. Somebody’s got to decide how much inflation is good and how much is too much. How much unemployment is fine and how much isn’t.
Right now, the Census Bureau draws its line in the sand on poverty. It’s actually called the poverty line. And if the income for a family of four is below roughly $22,000 per year, the family is officially poor. On November 7, the Census bureau will release new numbers using a more nuanced measure.
David Brancaccio talks about that measure and what it all means on Marketplace.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.