SWRK 1002H Lecture Notes - Lecture 10: Median Income, Food Security, Friends House
11 Apr 2017
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Although working full time, its dependent on the job pay (minimum wage jobs) Cost of living increases but pay does not increase for example gas prices, food prices etc are always growing, while your pay remains the same. How we measure poverty in canada (even as we cannot agree on what it means: the low income measure (lim) Low income families are defined as those families who"s incomes are less than half the median family income in a given area: the market basket measure (mbm) Cost of necessities (food, clothing, shelter, basic needs, transportation), compared with family"s disposable income. Low-income households are those who"s income is lower than what is needed to spend on the basket : low-income cut-offs (licos) A family that spends 20% or more of their after-tax income on basic necessities is consid- ered low income. Lico is often referred to as the poverty line .
