A group living in the United States in 2004 consisted of fifteen households with

Question

A group living in the United States in 2004 consisted of fifteen households with no elderly members. There were five single individuals living separately from each other (less than 65 years old). Their incomes were $7,000, $7,500, $8,000, $9,000, and $10,000 respectively. There were five married-couple households (under age 65) with incomes of $10,000, $11,000, $12,000, $13,000, and $14,000, respectively. And there were five twoparent (under age 65), two-children households with incomes of $10,000, $15,000, $20,000, $25,000, and $30,000, respectively. What percentage of these households were poor? What was the poverty rate among this group? Note: In 2004, for a single person family in which the individual was less than 65 years old, the poverty threshold was $9,827. The poverty threshold for a couple without children (both adults under 65) was $12,649. For a four-person family with two adults (under age 65) and two children, it was $19,157.

Explanation / Answer

single person family couple without children four-person family with two adults Income 7000 10000 10000 7500 11000 15000 8000 12000 20000 9000 13000 25000 10000 14000 30000 Cutoff 9827 12649 19157 Percentage of poor people =number of families below threshold/ total number of families 80 60 40

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