poverty

Would You Be Considered Poor Based on Federal Poverty Levels?

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[Updated with 2013 poverty levels] How much does your household income need to be under to be classified as poor in America? The answer of course depends on how big your household is but for the average American household of four people, the answer is $23,550 ($500 more than in 2012).  The Census Bureau and Department of Health […]

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A Look at The Average American Income, Earnings and Poverty by Household, Gender and Race

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The US Census bureau collects and publishes the most timely and accurate income data on an annual basis, which make for interesting reading from a personal finance perspective. Income is primarily earnings from a job, but includes Social Security payments, pensions, child support, public assistance, annuities, money derived from rental properties, interest and dividends. During […]

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2012 Poverty Guidelines, Thresholds and Income Limits – Nearly 50 Million Americans in Poverty

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[Updated with 2012 federal poverty levels] 2012 poverty income levels have now been published. As discussed below, poverty guidelines and thresholds are two slightly different versions of the federal poverty measure. The poverty thresholds are provided by the Census Bureau and updated annually. Poverty guidelines, also updated every year, are provided by the Department of Health and Human Services (HHS). […]

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