1. What are your thoughts about the poor? 2. What reasons do you think cause people to end up in poverty? 3. What ideas do you have for solving the poverty problem in the US? 4. What other questions do you have about poverty in America?

 Income level below what is sufficient to support a household  Threshold – $11,702 ◦ Family of 4 = $22,891 ◦ Median = $51,914 ◦ Mean = $67,530  Calculated from the Market Basket

 Collection of G/S  Typical urban consumer  Normal budget categories  CPI – measures the changes in prices of the market basket over time

 Percentage of people who live in households below the poverty line  13.8% ◦ Unemployment ◦ Underemployment ◦ Working poor ◦ Discrimination ◦ Location ◦ Education ◦ Economic conditions ◦ Medical

 Measures income inequality  Monitors redistribution program  Antipoverty programs Income Distribution Distribution of Households Line of Equality Actual Distribution Quintiles 5 parts 20%

1. What are your thoughts about the poor? 2. What reasons do you think cause people to end up in poverty? 3. What ideas do you have for solving the poverty problem in the US? 4. What other questions do you have about poverty in America?