a. Define poverty – check definition in notes, check google as well
b. What is the most recent Federal Poverty Guideline for a family of 4?
c. Assume a household of 2 adults working at full time jobs paying minimum
wage, with 2 elementary school age children. Please create a monthly
budget for this family and explain each budget line item. Remember to
take 15% off their gross earning for taxes.
d. Explain 5 factors that have contributed to the significant increase in the
number of people in poverty today.
- A bit of Google research should provide additional
information.
e. Explain 5 things that need to be done to significantly reduce the number of
people in poverty going forward. - Should be able to create some good ideas.
Sample Solution
