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The thresholds have been updated yearly for inflation using the Consumer Price Index (CPI).
The definition of family resources used to compare to the thresholds is the Census Bureau’s definition of income—gross annual cash income from all sources, such as earnings, pensions, interest income, rental income, asset income, and cash welfare.
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The Committee on National Statistics (CNSTAT) of the National Research Council (NRC) convened a workshop on June 15-16, 2004, to review federal research on alternative methods for measuring poverty. The current measure has remained virtually unchanged over the past 30 years.
Office of Management and Budget to evaluate progress in moving toward a new measure of poverty, as recommended by the 1995 report, Our major conclusion is that the current measure needs to be revised: it no longer provides an accurate picture of the differences in the extent of economic poverty among population groups or geographic areas of the country, nor an accurate picture of trends over time.