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Income levels have been the only criterion since 1965, when President Lyndon B. Johnson adopted the present poverty formula.
Congress may also be inspired to change the national poverty formula, and was due to start hearings on July 17th.Poverty is an important part of Mr Bloomberg's agenda.
While the Census Bureau struggles to give birth to a poverty formula more realistic than the present one, ad hoc poverty measures pop up frequently from academics, nonprofit organizations and regional development groups.
Still in the research phase, the SPM does not replace the Census Bureau's official poverty formula, which determines eligibility for billions of dollars in federal programs for the poor -- a hot topic in the conversation about how to cut trillions from the federal debt in coming years.
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Motivated by these observations, we modified the original poverty index formula [17], and in this paper we introduce the gene tissue index (GTI).
For some 40 years, the nation has used the same formula for calculating poverty, using the cost of food as a gauge and applying a single poverty threshold across the nation — from Boise to the Bronx.
In the new formula, called the supplemental poverty measure, the poverty line, based on the cost of food, shelter, clothing and utilities, is $11,282 for an individual and $24,343 for a family of four, slightly higher than the official threshold.
Political parties now fight on a level playing field in seeking to convince the electorate that they have produced the formula to make poverty history.
The aid agencies would like to see the rules for debt forgiveness changed to focus on poverty reduction rather than mathematical formula about how much of their output, countries can afford to spend on repayments.
After a year of work, Mayor Michael Bloomberg of New York has presented a new formula for measuring poverty that creates a far more realistic view of life in the city.
"Early attention given to our children is the most efficient formula for eradicating poverty and for economic growth," Shakira said.
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