Study: Many Va. households lack financial security, By Zinie Chen Sampson, March 1, 2011, Washington Post: “A significant number of households across the state lack enough income and assets to cover basic needs and unplanned expenses, and the federal poverty level inadequately measures how much it costs to be economically self-sufficient, according to a University of Virginia study. The Weldon Cooper Center for Public Service report said the average two-adult, two-child family in Virginia needs about $44,000, or twice the federal poverty level, to pay for their monthly living expenses. The study shows that 24.2 percent of Virginia’s families earn below $44,000…”
Poverty-related issues in the news, from the Institute for Research on Poverty