How Is the Poverty Line Set in the U

question 65

Essay

How is the poverty line set in the U.S.? What purpose does a poverty line serve? Discuss one criticism of the current method for setting the poverty line.What is one strategy that families use to manage poverty?

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Definitions:

Interest

The charge for borrowing money or the return on invested capital, generally expressed as a percentage rate.

Furniture

Movable objects intended to support various human activities such as seating, eating, and sleeping, as well as to hold objects or store items.

Mortgage

A loan specifically used to purchase real estate, where the property serves as collateral until the debt is fully repaid.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.