If the poverty threshold for a family of four with two children was $18,850 in 2004, which family would be counted as poverty-stricken?

Question

Business

Madeleine Anderson

21 July, 08:45

If the poverty threshold for a family of four with two children was $18,850 in 2004, which family would be counted as poverty-stricken?

+5

Answers (2)

Know the Answer?

Karson Chapman · Answer 1

This means that the family earned an income of $150 per month if it were just on the threshold of poverty. Therefore a family of four with two children earning earning less than $150 per month would be counted as poverty stricken.

Deacon · Answer 2

If the poverty threshold for a family of four with two children was $18,850 in 2004, then a family earning a total household income of $354 per week would be counted as poverty-stricken because the family would only get $18,408 per year and that is less than $18,850.