Introduction
Self-Sufficiency
in
How
much money is
needed by families throughout
Although
there
have been different ways of quantifying poverty over the years, the
most
notable measuring stick has been the federal poverty measure. Over time, however, as the definition of what
constitutes a family has changed, the federal poverty measure has
remained the
same. Families’ needs for survival in
the twenty-first century, compared to family necessities in 1960 when
the federal
measure was first implemented, have changed drastically.
In addition, the federal poverty measure is
the same for a family in
The Self-Sufficiency Standard
assumes that all adults work
full-time and as a result, includes costs associated with employment.
The Standard takes into
account that many expenses differ not only
by family size and makeup, but also by the age of children.
The Standard incorporates
regional and local variations in costs.
The Standard includes the net
effect of taxes and tax credits.
The Standard is based on the
costs of each basic need, determined
independently, which allows each cost to increase at its own rate.