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An Interagency Technical Working Group on Developing a Supplemental Poverty Measure was formed in 2009 and charged with developing a set of initial starting points to permit the U.S. Census Bureau, in cooperation with the Bureau of Labor Statistics.
Census money income is defined as income received on a regular basis before payments for taxes, social security, etc. and does not reflect noncash benefits.
Income inequality is the extent to which income is distributed unevenly among a population.
If a family's total income is less than the official poverty threshold for a family of that size and composition, then they are considered to be in poverty.
Program Income and Public Assistance
Public assistance refers to assistance programs that provide either cash or in-kind benefits to individuals and families from any governmental entity.
Small Area Income & Poverty Estimates (SAIPE)
The Small Area Income and Poverty Estimates (SAIPE) program provides more current estimates for the administration and allocation of federal programs and funds.
Wealth and Asset Ownership
Household net worth or wealth is an important defining factor of economic well-being - it can become an additional source of income in hard times or retirement.
Factors that contribute to well-being include income, possession of consumer durables, housing and neighborhood conditions, and the meeting of basic needs.