Poverty thresholds are determined by the U.S. Census Bureau. A poverty threshold represents the minimum annual household
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Poverty thresholds are determined by the U.S. Census Bureau. A poverty threshold represents the minimum annual household income for a family not to be considered poor. In 2013, the poverty threshold for a family of four with two children under the age of 18 years was $23,624. In 2021, the poverty threshold for a family of four with two children under the age of 18 years was $27,479. Assuming that poverty thresholds increase in a straight-line fashion, use the midpoint formula to estimate the poverty threshold for a family of four with two children under the age of 18 in 2017. How does your result compare to the actual poverty threshold in 2017 of $24,858?
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