Suppose that the poverty line had been set at $37,500 in 2008.Estimate what the poverty rate would have been in that year.

Name: Suppose that the poverty line had been set at $37,500 in 2008.Estimate what the poverty rate would have been in that year.
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In 2008, the median household income in the U.S. was around $50,000. Setting the poverty line at $37,500 would likely place a significant portion of households below this threshold, but not the majority, suggesting a poverty rate closer to 40%.

Suppose That the Poverty Line Had Been Set at $37,500