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Mon, 2012-06-25 17:56 — Corey Watts
Homeless mother and child. (photo: unknown)
http://readersupportednews.org - by Evan Soltas - June 25, 2012
For the purpose of our analysis here, an individual as "extremely poor" if he or she resides in a family unit whose income is less than half of the federal poverty threshold. To give you a sense of what that means, the awful extremity of extreme poverty: a single person under 65 must have made less than $5,851, and a family of four must have made less than $11,509. (In my opinion, it is likely that for the majority of the extreme poor, taxable income is zero.)
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