QUICKLINKS
The Poor Man's Index
The poor have to be a little richer now to be considered broke: "To be classified in the status of poverty stricken in New York City, a family of four has to make $26,138 annually now. The change comes from Mayor Michael Bloomberg’s reformulating the standard of poverty. The new number is up $6,000 from the previous threshold and brings the city’s poverty rate up to 23 percent. New York City is the first local government in the nation to make changes in poverty measures." |AmsterdamNews|
by ANIMAL on July 17, 2008
