Federal Poverty Level (FPL) Definition
The Federal Poverty Level (FPL) is a measure used by the United States government to determine eligibility for various assistance programs and benefits. It is based on income and family size and is updated annually.
The FPL is calculated using a set of income thresholds that vary depending on the number of people in a household. These thresholds are based on the cost of living and are adjusted for inflation each year.
For example, in 2021, the FPL for a single individual is set at $12,880, while for a family of four, it is set at $26,500. Individuals and families with incomes below these thresholds are considered to be living in poverty.
Despite its limitations, the FPL serves as an important tool for determining eligibility for assistance programs and benefits. It helps to ensure that those who are most in need receive the support they require to meet their basic needs and improve their quality of life.
The Federal Poverty Level (FPL) is a measure used by the United States government to determine eligibility for various assistance programs and benefits. It is updated annually and is based on the income and family size of individuals or households.
The FPL is expressed as a percentage of the poverty guidelines established by the Department of Health and Human Services (HHS). For example, in 2021, the FPL for a single individual is set at $12,880, while for a family of four, it is set at $26,500. Individuals or households with income below these thresholds are considered to be living in poverty.
The FPL is adjusted annually to account for inflation and changes in the cost of living. This ensures that the thresholds remain relevant and reflect the economic conditions of the country. The FPL is used by federal and state agencies, as well as non-profit organizations, to determine eligibility for various programs and benefits.
| FPL Percentage | Family Size | Annual Income Threshold |
|---|---|---|
| 100% | 1 | $12,880 |
| 100% | 2 | $17,420 |
| 100% | 3 | $21,960 |
| 100% | 4 | $26,500 |
Emily Bibb simplifies finance through bestselling books and articles, bridging complex concepts for everyday understanding. Engaging audiences via social media, she shares insights for financial success. Active in seminars and philanthropy, Bibb aims to create a more financially informed society, driven by her passion for empowering others.