How much money do U.S. families need to get by?

Aug 31, 2015

CBS News reports that, according to the Economic Policy Institute, the federal poverty level is outdated and does not take geographical differences in rents into account, and has not kept up with rising costs of health care. The federal poverty level for a family of four - $23,850 – is about half of what a family would need to get by in Morristown, TN, the nation’s least expensive metropolitan area. These families have no extra money for emergencies, and are unable to save for retirement and college for their children.

Shared by Food Research & Action Center (FRAC)

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