best answer > What is considered poverty level for a single person 2024?- QuesHub | Better Than Quora
  • What is considered poverty level for a single person 2024?

    Questioner:Zoe Young 2023-06-13 02:33:22
The most authoritative answer in 2024
  • Lucas Stewart——Works at Airbnb, Lives in San Francisco, CA

    As an expert in social welfare and economic indicators, I often get asked about the poverty level, which is a critical measure for understanding the economic well-being of individuals and families. The poverty level is a statistical threshold used to determine financial need, and it varies depending on the size of the household and the number of children present. It's important to note that the poverty level is not a static number but is updated periodically to reflect changes in the cost of living and other economic factors.
    The Federal Poverty Level (FPL) is a common reference used in the United States to gauge financial hardship. It is established by the U.S. Department of Health and Human Services (HHS) and is used to determine eligibility for certain government assistance programs, such as Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
    For a single person, the FPL can vary by location due to differences in the cost of living. However, the national guidelines provide a general benchmark. According to the 2017 FPL Guidelines, the FPL for a single person was $12,060. This means that an individual earning below this amount in a year is considered to be living in poverty according to the federal government's standards.
    It's important to understand that the FPL is a baseline and does not necessarily reflect the actual cost of living in different parts of the country. For instance, living expenses such as housing, food, and healthcare can be significantly higher in urban areas compared to rural ones. Therefore, the FPL is often adjusted for different states and metropolitan areas to account for these disparities.
    Additionally, eligibility for certain benefits, like Medicaid, is not just based on the FPL but is often set at a percentage above it. According to the guidelines, Medicaid eligibility for a single person was set at 138% of the FPL, which translates to $16,643 for the year 2017.
    It's also worth noting that the FPL is a controversial measure. Critics argue that it does not accurately reflect the needs of individuals and families, as it does not take into account regional differences in the cost of living, nor does it consider the specific expenses associated with different demographics, such as families with children or elderly individuals.
    In conclusion, while the FPL serves as a useful tool for determining financial need and eligibility for government assistance, it is just one piece of a larger economic puzzle. It is essential to consider a range of factors when assessing poverty, including local economic conditions, individual circumstances, and the broader social safety net.
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    +149932024-05-26 10:03:12
  • Isabella Patel——Studied at the University of Zurich, Lives in Zurich, Switzerland.

    2017 FPL Guidelines: 48 Border States and D.C.Persons in Household2017 Federal Poverty LevelMedicaid Eligibility (138% of FPL)1$12,060$16,6432$16,240$22,4113$20,420$28,1804$24,600$33,9484 more rowsread more >>
    +119962023-06-16 02:33:22

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