Question

Poverty threshold is an income level above which income is insufficient to support families or households. True of false?

Answer 1

False; it's an income level below which income is insufficient to support families or households.

Answer 2

This statement is false.

Poverty threshold is also called poverty limit. It is an income level below which the income becomes insufficient for a person or a family to live on.

In other words, it is the minimum amount of income deemed adequate to survive.

The poverty threshold level varies from country to country, being significantly higher in developed nations.

The World Bank updated the international poverty line in October 2015 to $1,90 a day.

About 10% of the global population lives below the poverty line today.