During the Covid-19 pandemic, a direct line of the Air Silk Road linking Zhengzhou in Henan Province and Luxemburg did not suspend its air or freighting services, and transported a large amount of supplies. It served as an air lifeline between China and Europe, and contributed to keeping i...
A living wage is a state or local wage that’s higher than the minimum wage. Similar tocost of living, the living wage is the amount an employer would need to pay an employee to avoid poverty. The goal of a living wage is to decrease poverty through increased earnings. ...
government view as “poverty” or “poor” (or, at least poor enough to be eligible for federal assistance). Am I living below that income level (assuming zero taxes)? Could I live below that level if I had to?So, what is the federal poverty line? Let’s start there…...
The poverty line amount for a one-person household (Community Services Block Grant Act – 42 U.S.C. 9902). For 2023, the allowable amount is $13,590 in the continental U.S., $16,990 in Alaska and $15,630 in Hawaii. Friends, family and employers can also contribute...
That income range is between 100% - 400% of the federal poverty level. As of 2022, the federal poverty level for most of the United States was $13,590 for a single person. The 2022 amounts are the latest available during open enrollment for 2023 and are therefore used with...
Let’s see how that math changes if you have three kids. If you’re a family of four, 150 percent of the 2022 poverty guideline is $41,625. The difference between this amount and your AGI is only $3,375. If you owed 10 percent of this amount on an income-driven repayment plan,...
After filling in this information and determining your applicable federal poverty level, you can figure out the amount of credit you can claim. You have two choices for how to claim it: A credit to reduce your monthly payments on your health insurance premiums. ...
According to some economists, a country’s aggregate economic growth, or its overall GDP, is not what matters when the concern is thepovertylevel of individuals in a country. For example, if an outlet reports that the world’s GDP grew by 3%, it may sound like great news, but it would...
While non-discretionary expenses are considered mandatory—housing,taxes,debt, and groceries—discretionary expenses are any costs incurred above and beyond what is deemed necessary. These are generally considered wants, while non-discretionary expenses are usually referred to as needs. As such, discretio...
Per capita income is a measure of the amount of income earned per person in a nation or geographic region.