Visit the Economic Policy Institute websites listed in the Learning Resources. The EPI has developed a formula to determine what it takes for a family to “make ends meet,” taking into account family size and place of residence.
Begin by reading about the assumptions on which they base their calculations of a basic family budget.
Next, use their basic family budget calculator to find out what they would estimate it would cost your family size to live in your area.
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• Describe two limitations and/or problems with the poverty threshold.
• Explain how these problems affect a person’s ability to escape poverty.
Respond to two colleagues:
• Explain which estimate of poverty better aligns with your colleague’s stated ability to escape poverty: the EPI’s budget or DHHS poverty threshold.
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