he official poverty line, established in 1963, is considered outdated for several reasons, including: he official poverty line, established in 1963, is considered outdated for several reasons, including: does not account for rising healthcare costs, student loan burdens, and the gig economy. cost of living has remained relatively stable since 1963 cost of living varies widely by region. It fails to account for geographic differences in housing costs, utilities, and other essential expenses. Underestimate the financial requirements for families and individuals to meet basic needs. family structures have remained unchanged