New Measure of Poverty Shows Benefits of Tax Credits
Last week, the Census Bureau released findings from the Supplemental Poverty Measure (SPM). Unlike the official federal poverty measure, covered in KYA’s earlier releases, the Supplemental Poverty Measure (SPM) is designed to act as a more comprehensive gauge of poverty. The official federal poverty measure has been based on an old assumption about a family’s basic needs which no longer holds true in today’s society – that the average family spends one-third of its income [...]