An Updated Measure of Poverty (Re)Drawing the Line (2023) / Chapter Skim
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1 Introduction
1 Introduction
Pages 11-16
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From page 11... ...
Bureau of Labor Statistics (BLS) , is largely based on a congressionally mandated National Academies of Sciences, Engineering, and Medicine consensus report from almost 30 years ago.
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From page 12... ...
The SPM is the statistical construct serving the greatest range of research and policy purposes in the United States. The goal of the SPM is to provide information on economic needs for the population as a whole, and for particular subpopulations, to inform public understanding of economic conditions and trends affecting people with low incomes.
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From page 13... ...
the resources available to families, individuals, or households, to determine whether they have met the threshold. As discussed in greater detail in Chapter 2, the major advances of the SPM over the OPM are that it uses a more encompassing bundle of goods reflecting contemporary budgetary needs and it measures resources to include both cash income and in-kind government benefits such as food assistance and housing subsidies, as well as income provided through the tax system (e.g., the Earned Income Tax Credit)
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From page 14... ...
To provide guidance for improving the SPM in light of social and economic changes since its inception, the panel concentrated its efforts on the measurement of resource and threshold elements for which conceptual and data questions have proven most difficult to resolve and, consequently, led to inaccuracies in measuring poverty. In so doing, the report focuses on medical care, childcare, and housing expenditure categories as encouraged by the study sponsors outlined in the Statement of Task (Box 1-1)
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From page 15... ...
expenditure categories -- medical care, childcare, and housing -- and provide recommendations for changes. These chapters address advantages and drawbacks of approaches currently used in the SPM and propose alternative approaches for the estimation of households' basic needs thresholds and their resources available to meet those thresholds.
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