What income was considered the poverty line and below the poverty line for each year: 1994,...

What income was considered the poverty line and below the poverty line for each year: 1994, 1995, 1996, 2001, 2002, and 2008?

Expert Solution

The poverty threshold is the minimum level of income for subsistence living in a country. In the US the Census determine the poverty threshold for an individual by different age group and for families under different categories. Any individual or family has an annual income below their respective threshold is called officially poor by the government.

The table below gives the data for the US poverty threshold for the said calendar year and for individuals and families as published by the US Census.

The Calendar Year	Unrelated individuals			2 people			Families of 3 people or more
	All ages	Under age 65	Aged 65 or older	All ages	House- holder under age 65	House- holder aged 65 or older	3 people	4 people	5 people	6 people	7 people or more	7 people	8 people	9 people or more
1994	7547	7710	7108	9661	9976	8967	11821	15141	17900	20235	***	22923	25427	30300
1995	7763	7929	7309	9933	10259	9219	12158	15569	18408	20804	***	23552	26237	31280
1996	7995	8163	7525	10233	10564	9491	12516	16036	18952	21389	***	24268	27091	31971
2001	9039	9214	8494	11569	11920	10715	14128	18104	21405	24195	***	27517	30627	36286
2002	9183	9359	8628	11756	12110	10885	14348	18392	21744	24576	***	28001	30907	37062
2008	10991	11201	10326	14051	14489	13030	17163	22025	26049	29456	***	33529	37220	44346

Rahul Sunny answered 2 years ago

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What income was considered the poverty line and below the poverty line for each year: 1994,...

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