In 2007, a family of four is considered to be living in poverty if their income is below $20,650.
Incorrect. The answer is True. The Federal Poverty Level (FPL) is based on a formula created in the 1960s which bases the cost of living on food costs. Because the cost of food has increased much more slowly than have housing, health care and other necessities, the FPL no longer accurately reflects the level at which individuals or families are in serious need. Studies in self sufficiency suggest that for a family in Green Bay (for example), $ 41,976 is the amount of income actually needed for families to meet their basic needs. This number is much closer to 200 percent of the FPL. Many programs designed to assist families use an eligibility level that is between 100 percent and 200 percent of the FPL.
