HDF 371 Lecture Notes - Lecture 19: Median Income, Temporary Assistance For Needy Families, Affordable Housing

• School: UT-Austin
• Department: Human Development and Family Sciences
• Course: HDF 371
• Professor: F Varner

Document Summary

What is socioeconomic status (ses): family income, parent education, parent occupation. Absolute poverty based on level of income: measured by the federal poverty line, 3 ti(cid:373)es the a(cid:373)ou(cid:374)t of (cid:373)o(cid:374)ey spe(cid:374)t o(cid:374) food i(cid:374) the (cid:1005)95(cid:1004)"s adjusted for i(cid:374)flatio(cid:374, low income: up to 2x poverty threshold. Does not account for: cost of living (regional differences, shifts in household expenses (1/6 on food versus 1/3 on food in 50s; increases in child care, housing, transportation, and medical expenses) Income is counted before subtracting payroll, income, and other taxes. Absolute poverty based on level of income adjusted for family size/ Relative poverty based on median family income for specific years and adjusted for family size: poverty is 50% of median income, changes with living cost. Access to social services: wic/snap (food stamps)/frpl, child care subsidies, housing subsidies, medicaid/chip, cash assistance (tanf) For families with children aged 18 or younger.