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Official Poverty Line
A governmental threshold which defines the minimum income level necessary to meet basic living needs and thus categorizes individuals or families as living in poverty.
Family of Two
A term used to describe a household consisting of two members, reflecting on their living arrangement, financial planning, and daily life dynamics.
Equitable Hourly Income
An approach towards income distribution where all individuals receive fair wages based on hours worked, ensuring equality.
Minimum Wage
The lowest legal wage that can be paid to most workers, set by law or statute, aimed at protecting the economic well-being of workers.
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