Are the poverty thresholds calculated every year by multiplying the cost of an Agriculture Department food plan by three?

Agriculture calculated COST Department food multiplying Plan poverty thresholds year
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Are the poverty thresholds calculated every year by multiplying the cost of an Agriculture Department food plan by three?

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No. The three-times-the-cost-of-the-food-plan calculation was done only once, for the 1963 base year poverty thresholds, using the Agriculture Department s economy food plan. Poverty thresholds for years since 1963 have been updated for price changes only using the Consumer Price Index.

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