{"id":114016,"date":"2021-02-23T21:26:17","date_gmt":"2021-02-23T21:26:17","guid":{"rendered":"https:\/\/precoinnews.com\/?p=114016"},"modified":"2021-02-23T21:26:17","modified_gmt":"2021-02-23T21:26:17","slug":"the-income-a-family-really-needs-to-avoid-poverty-in-every-state","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/","title":{"rendered":"The Income a Family Really Needs to Avoid Poverty in Every State"},"content":{"rendered":"

Millions of jobs have been lost due to the COVID-19 pandemic, especially in the early months. While some jobs have since been regained, more than <\/span>10 million people<\/span> in the American labor force are still unemployed. And many of those who still have a job have had <\/span>to take a pay cut<\/span> or reduced hours. <\/span>To date, the federal government has awarded two stimulus checks, with a maximum combined per-individual <\/span>payout of $2,000<\/span>. For many, those two stimulus checks have done <\/span>little to make up for their income losses during the crisis that is now more than a year old<\/span>.\u00a0<\/span><\/p>\n

The U.S.’s official poverty measure, which sets an income threshold based on household size, <\/span>is intended to capture<\/span> those individuals and families who are unable to meet basic needs. However, many economists contest the traditional measure — which does not include several expense categories and does not adjust for regional cost of living differences — is inadequate in assessing just how many Americans are unable to meet their basic needs.\u00a0<\/span><\/p>\n

24\/7 Wall St. reviewed March 2018 cost of living estimates, adjusted for inflation, from financial think tank the<\/span> Economic Policy Institute\u2019s Family Budget Calculator<\/span>. The estimates are of the costs needed for a family of two (two adults and no children) to lead a \u201cmodest yet adequate standard of living.” These costs include all of the basic necessities, including housing, food, transportation, health care, and others, as well as taxes. The income required for a family of two to meet these necessities varies from just under $45,000 in one state to over $69,000 in another. These income thresholds are much higher than the Census Bureau\u2019s official poverty threshold for a household with two people of <\/span>$16,521<\/span>.<\/span><\/p>\n

Of course, for larger families, the EPI\u2019s estimated annual family budget is tens of thousands of dollars higher in every state.\u00a0<\/span><\/p>\n

At a more local level, costs can be even higher, with the costs to meet a basic standard of living for a family of two in some metro areas <\/span>exceeding $70,000<\/span>, and for a family of four well above <\/span>$120,000<\/span>. While cities and counties with higher costs of living tend to be concentrated in states with generally higher costs of living, they can be found all across the country. <\/span>This is the most expensive place to live in every state<\/span>.<\/span><\/p>\n

Click here to see the income a family really needs to avoid poverty in every state.<\/strong><\/span>
\nClick here to see our detailed methodology.<\/strong><\/span><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Millions of jobs have been lost due<\/p>\n","protected":false},"author":3,"featured_media":114015,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nThe Income a Family Really Needs to Avoid Poverty in Every State - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Income a Family Really Needs to Avoid Poverty in Every State - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Millions of jobs have been lost due\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-23T21:26:17+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cfntalkfotoFood-Stamps.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/\",\"url\":\"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/\",\"name\":\"The Income a Family Really Needs to Avoid Poverty in Every State - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-02-23T21:26:17+00:00\",\"dateModified\":\"2021-02-23T21:26:17+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"The Income a Family Really Needs to Avoid Poverty in Every State\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Income a Family Really Needs to Avoid Poverty in Every State - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/","og_locale":"en_US","og_type":"article","og_title":"The Income a Family Really Needs to Avoid Poverty in Every State - Pre Coin News","og_description":"Millions of jobs have been lost due","og_url":"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/","og_site_name":"Pre Coin News","article_published_time":"2021-02-23T21:26:17+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cfntalkfotoFood-Stamps.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/","url":"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/","name":"The Income a Family Really Needs to Avoid Poverty in Every State - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-02-23T21:26:17+00:00","dateModified":"2021-02-23T21:26:17+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/the-income-a-family-really-needs-to-avoid-poverty-in-every-state\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"The Income a Family Really Needs to Avoid Poverty in Every State"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/114016"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=114016"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/114016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/114015"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=114016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=114016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=114016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}