Poverty Exam

U.S Poverty Guideline

is a measure set annually by the Department of Health and Human Services to define the minimum income required for basic living expenses in the U.S. It is used to determine eligibility for various federal and state assistance programs.

Poverty Rate

measures the percentage of the population living below the official poverty line in a given country or region. It is a key indicator used by policymakers to assess economic inequality and social well-being.

Extreme Poverty

refers to living on less than $2.15 per day globally (adjusted for local currency), or a similar threshold in national measures. It indicates severe deprivation of basic needs such as food, clean water, and shelter.

Income Inequality

refers to the unequal distribution of income and wealth among individuals or groups in society. It highlights economic disparities and is often measured using tools like the Gini Coefficient.

Social Security Act of 1935

It was a landmark U.S. law creating federal programs to provide financial assistance to the elderly, unemployed, and disadvantaged. It established a foundation for the modern welfare state in the U.S.