Income deficit

Income deficit is the difference between a single person or family's income and its poverty threshold or poverty line, when the former is exceeded by the latter. ^[1]

6 relations: Economic inequality, Income, Inflation, Poverty, Poverty threshold, United States Census Bureau.

Economic inequality

Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries.

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Income

Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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Poverty

Poverty is the scarcity or the lack of a certain (variant) amount of material possessions or money.

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Poverty threshold

The poverty threshold, poverty limit or poverty line is the minimum level of income deemed adequate in a particular country.

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The United States Census Bureau (USCB; officially the Bureau of the Census, as defined in Title) is a principal agency of the U.S. Federal Statistical System, responsible for producing data about the American people and economy.

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References

[1] https://en.wikipedia.org/wiki/Income_deficit

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