Poverty Line


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Poverty Line

The minimum yearly income that a person or family needs in order to provide for basic needs. Frequently, a government agency sets the poverty line for a jurisdiction; this line may bear only a rough relationship to one's actual poverty. However, a poverty line is often used to determine eligibility for welfare and other benefit programs.
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In his report, Alston said Malaysia's poverty line is not consistent with the cost of living or household income, and said real household income has increased fivefold since then, while the country is now an upper middle income nation instead of a low income one.
However, MP Mahmood Al Bahrani said the government should conduct a new study to determine the poverty line in Bahrain while taking into account recent social and economic changes such as the lifting of subsidies, the introduction of Value Added Tax (VAT), and increases in the price of fuel and utilities.
The poverty line in the UK is defined as those earning 60pc of the median income.
"Poor" includes those below the poverty line. "Low income" goes farther, to twice the poverty line.
According to the statistics, while only 0.78 percent of China's population enjoys a 'high income,' only 0.93 percent now live below the poverty line.
The Economic Survey 2018 revealed Pakistan's percentage of people living below the poverty line fell to 24.3% in 2015-16 from 50.4% in 2005-06.
'According to the growth elasticity model, the poverty rate as per upper poverty line was 21.8 percent while the poverty rate as per lower poverty line was 11.3 percent in 2018," said Dr Dipankar.
On Wednesday, the council of ministers agreed to not change the poverty line for 2019, which remained at e1/48,698 in annual income for one person, and e1/413,047 for two persons, and to retain the right of those with earnings 20 per cent over the poverty level to receive a low-income pension.
Gaspar were joined by Martin Joseph Raymundo to further refine the answer to the question "Who are the middle class?" They reiterated that the middle class strictly so-called are those whose monthly family incomes in 2012 ranged from about four times the government's official poverty line, i.e.
'To cross that poverty line, we must create more jobs and reduce the underemployment rate to below 10 percent, keep more Filipinos in school and have more of them graduate, and focus on maternal health and child care,' Romero said, pointing out that medical expenses shrink family budgets.
Poverty line, Romero said, is the minimum threshold government computed for a family of five to meet the very basic needs of food, shelter, housing, transportation, health and education.

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