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As you can see, the level changes with the number of household members. For a family of two, the poverty line is set at a household income of $15,730 per year. As of the last Census in 2010, 15.1% of the U.S. lives in poverty.
In its annual poverty report, the Census Bureau includes a table that few take note of which actually details by how much families are below the poverty line. A little multiplication and addition later, and the magic number pops out. In 2012, the number was $175.3 billion. That is how many dollars it would take to bring every person in the United States up to the poverty line. In 2012, that number was just 1.08 percent of the nationâs gross domestic product (GDP), which is to say the overall size of the economy.