Basic needs budgets for a family of four, in selected urban, suburban, and rural localities* URBAN URBAN SUBURBAN RURAL New York, Houston, Aurora, Decatur NY TX IL County, IA Rent and utilities $15, 816 $10,224 $11,328 $6,324 Food $7,878 $7,878 $7,878 $7,878 Child care $20,684 $15,422 $18,793 $1 1,682 The problem with this Health insurance premiums $2,609 $2,834 $2,265 $2,436 measurement is that it Out of-pocket medical $732 $732 $732 $732 does not account for Transportation $1,824 $4,808 $4,808 $6,288 other Basic needs! Other necessities $6,397 $4,887 $5, 185 $3,834 Payroll taxes $5,113 $3,873 $4,437 $3,270 Income taxes (includes credits) $5,787 $34 $2,572 $304 TOTAL $66,840 $50,624 $57,998 $42,748 % of 2008 Federal Poverty Level 315% 239% 274% 202% *Assumes two-parent family with one preschool-aged and one school-aged child. Source: NCCP's Basic Needs Budget Calculator (available online at www.nccp.org/tools/budget). Results are based on the following assumptions: children are in center-based care settings while their parents work (the older child is in after-school care); family members have access to employer-based health insurance; in New York family relies on public transportation, in all other locations, costs reflect private transportation. National Center for Children in Poverty (www.nccp.org) Measuring Poverty in the United States 2022-06-01 2Figure I The Great Gatsby Curve: More Inequality is Associated with Less Mobility across the Generations .5 - Italy . United Kingdom United States. France .4 .Japan Germany .3 New Zealand Intergenerational earnings elasticity (less mobility Sweden Canada Australia .2 Finland Norway Denmark 20 25 30 35 Income inequality (more inequality Source: Corak (2013) and OECD