Dartmouth College

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Overview Traditional measures of poverty are based on income: if income is below a given threshold, then the family is determined to be poor. Some economists have suggested that a family's well-being is better measured by their total spending rather than their total income. That is, some families can have a satisfactory standard of living even if they have low current income. This may be due to the fact that the family can support consumption by drawing down assets.
2006 -