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What families need to get by: The 2013 update of EPI's family budget calculator

Date Added to Library: 
Tuesday, August 27, 2013 - 13:22
Priority: 
high
Individual Author: 
Gould, Elise
Wething, Hilary
Sabadish, Natalie
Finio, Nicholas
Reference Type: 
Published Date: 
07/03/2013
Published Date (Date): 
Wednesday, July 3, 2013
Publication: 
Economic Policy Institute Issue Brief
Issue Number: 
368
Year: 
2013
Language(s): 
Abstract: 

The income level necessary for families to secure an adequate but modest living standard is an important economic yardstick. While poverty thresholds, generally set at the national level, help to evaluate what it takes for families to live free of serious economic deprivation, the Economic Policy Institute’s (EPI) Family Budget Calculator—recently updated for 2013—offers a broader measure of economic welfare and provides an additional metric for academics and policy experts looking for comprehensive measures of economic security. The basic family budgets presented in this report, as well as those presented via the Family Budget Calculator itself, measure the income families need in order to attain a secure yet modest living standard where they live by estimating community-specific costs of housing, food, child care, transportation, health care, other necessities, and taxes. (author abstract) 

Geographic Focus: 
Page Count: 
10
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