The official U.S.poverty standard was set in 1963 at $3,000 per year for a family of four.

Name: The official U.S.poverty standard was set in 1963 at $3,000 per year for a family of four.
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This statement is true. The official U.S. poverty standard was set in 1963 at $3,000 per year for a family of four. However, it has been adjusted for inflation and updated over time. As of 2021, the poverty guideline for a family of four is $26,500.

The Official U