Economy
What is the Consumer Price Index, and what does the monthly CPI report mean for the US economy?
Data • By Topic • People & Society • Poverty • Poverty Measures
People in poverty are classified using income thresholds that vary based on family size and composition. If the total income for the family is below the threshold, every individual in the family is considered poor. The definition of poverty is set at the federal level and does not vary based on geographic location, which can lead to undercounting in high cost-of-living areas.
