(C) Common Dreams
This story was originally published by Common Dreams and is unaltered.
. . . . . . . . . .



Poverty in the United States: 2023 [1]

['Us Census Bureau', 'Emily A. Shrider', 'September']

Date: 2024-09-10  -04:00

This report provides estimates of two measures of poverty: the official poverty measure and the Supplemental Poverty Measure (SPM). The official poverty measure, produced since the 1960s, defines poverty by comparing pretax money income to a national poverty threshold adjusted by family composition. The SPM, first released in 2011 and produced in collaboration with the Bureau of Labor Statistics (BLS), extends the official poverty measure by accounting for several government programs that are designed to assist low-income families but are not included in official poverty measure calculations. The SPM also accounts for geographic variation in housing expenses when calculating poverty thresholds and includes federal and state taxes, work expenses, and medical expenses.

This report presents estimates using the official poverty measure and the SPM for calendar year 2023. The estimates contained in the report are based on information collected in the 2024 and earlier Current Population Survey Annual Social and Economic Supplements (CPS ASEC) conducted by the Census Bureau.

[END]
---
[1] Url: https://www.census.gov/library/publications/2024/demo/p60-283.html

Published and (C) by Common Dreams
Content appears here under this condition or license: Creative Commons CC BY-NC-ND 3.0..

via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/commondreams/