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2006-12-30 12:45:54 · 9 answers · asked by wildpepsilover 2 in Social Science Economics

9 answers

I think 9 to 11 000 a year and your considered poverty.

2006-12-30 12:48:06 · answer #1 · answered by Anonymous · 0 0

The poverty threshold, or poverty line, is the level of income below which one cannot afford to purchase all the resources one requires to live. Thus, by definition, nobody lives below the poverty line. The official or common definition of "poverty line" in developed nations like the United States is much higher than in the Third World.

Determining the poverty line is usually done by finding the total cost of all the essential resources that an average human adult consumes in one year. This approach is needs-based in that an assessment is made of the minimum expenditure needed to maintain a tolerable life. This was the original basis of the poverty line in the United States, whose poverty threshold has since been raised due to inflation. In developing countries, the most expensive of these resources is typically the rent required to live in an apartment. Economists thus pay particular attention to the real estate market and housing prices because of their strong influence on the poverty threshold.

For one person it's $9570
Two $12,830
Three $16,090
Four $19,350
and so on.....

2006-12-30 12:51:35 · answer #2 · answered by Bonita Applebaum 5 · 0 0

Using income to define poverty is misleading. For instance, if a person finishes school, has a part time job and is living alone, then he is in poverty. If he is living with his parents, and the parents pay for all expenses, is he living in poverty. According to statistics he is. How about college students, according to their income they are living in poverty, and many interests groups include them in their statistics. The poverty line includes how much money someone should pay in rent. How about people, like pensioners, who not make that much money but do not pay any rent, does the poverty line take that into account? The same goes for people who live in subsidized housing.

Please do not get me wrong, all I am trying to say is that income is not a good determination of poverty levels in a certain country or city.

2006-12-30 15:19:09 · answer #3 · answered by Steve P 3 · 0 0

On Philippine standard, it estimated bye NEDA (national economic dev. adm.) a person must earn P10,0000. a month to be above the bracket of poverty. That amount was broken down on daily neccessities, excluding clothing and shelter and entertainment.

2006-12-30 16:44:39 · answer #4 · answered by wilma m 6 · 0 0

I would say $ 2,000 a month. at least for grocery, clothing, a good car (well nothing like Porsche of course) and single apartment. For entertainment or house mortgage, you should earn twice since the utility bills and maintenance is always unexpected!

2006-12-30 12:50:36 · answer #5 · answered by Anonymous · 0 0

while I can't refute the facts, I think the poverty line in actuality is much higher then the statistics, especially if you live in expensive cities or states like NYC or California.

2006-12-30 13:25:05 · answer #6 · answered by Cory W 4 · 0 0

The U.S. Department of Health and Human Services (HHS) gives the "poverty line" for 2006 as follows:

Hawaii: $11,270 (plus $3910 per additional dependant)
Alaska: $12,250 (plus $4250 per additional dependant)
All other states and the District of Columbia:
$9,800 (plus $3400 per additional dependant)

2006-12-30 13:00:02 · answer #7 · answered by Geoff S. 3 · 0 0

Around 1200 USD per annum or less consider low income (World Development Report), and this figure change according to global inflation rate.

2006-12-31 20:33:21 · answer #8 · answered by Anonymous · 0 0

If your in America it differs in each state what you should do is go to your state government website and look up the table for getting aid from the health and human services dept.

2006-12-30 12:48:43 · answer #9 · answered by xx_muggles_xx 6 · 0 0

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