Monday, March 17, 2014

Uncle Sam's Poverty Guidelines for Two Types of Familes

     The Department of Health and Human Services provides federal poverty guidelines for families of varying size.
 
      This blog study is an unscientific comparison for two families using the federal poverty guidelines. It helps us develop a baseline by demonstrating what a basic federal family budget could provide a family of four and a family of two at the threshold of poverty.

      It would take a family of four almost 57 hours a week at the minimum wage to produce this standard of living. It would take a single parent with one child a little over 37 hours week.

     Here is what the federal poverty guidelines would provide in a simple budget. How would this work for you in the same situation?







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