What will be the projected level of poverty in 2025?

Question

What do you think it will be higher, lower, or the same as now? I am talking about the poverty of America as a whole nation. Also, if anyone can come up with a real number that would be helpful. If you do provide a real number please provide a source as well.

Answer 1

Actually all depends on inflation rate - on average currently we had about 3-4% per year but this year it began to rise. If it will rise to 5-6% then will slow down a bit then on average inflation could be 5% annualy so 17*(1.05)^(2026-2008)=17*2.407=40'900 (approx)

Though change in standarts and overall economic wealth also should be considered.