What Is Poverty Now?


by YES! Magazine on Aug 26, 2014 | Views: 203 | Score: 0
Sources: yesmagazine.org
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YES! Magazine
YES! Magazine on Aug 22, 2014 2:02 PM said:

The method for calculating the poverty line, adopted in 1965, was simple: three times the cost of groceries. IT was based on a 1955 USDA finding that families spent about 33% of their money on food. But now the average American family spends only 6% or 7% of its budget on groceries. Other things cost more—yet there's been no adjustment.