Income and Wage Insufficiency
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Household income is directly associated with poverty. The Census Bureau uses household income and composition to determine poverty status (1). Changes in community incomes do not always happen uniformly for high-and low-income earners. Hence, it is important to explore the relationship between income and poverty rates.
Income can also be evaluated based on hourly wages to determine whether workers can meet their needs without overtime work. Forsyth Futures measures hourly wage insufficiency by comparing actual hourly wages to the wages required to meet their estimated expenses with full time work.
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