US to Define New Poverty Formula

The formula being used to calculate the poverty line in the US is about to be updated.  Aside from the issues of reducing people to a series of equations, I'm skeptical - especially after watching India's issues with this - that the redefinition of 'the poverty line' will do good.  In fact I could see it going either way.

To define poverty, US has a new (and improved?) formula.

"Until this month, the poverty line has been calculated the same way for half a century. It was developed in 1964 as part of Lyndon Johnson’s War on Poverty. Ever since, a debate has ensued about how to determine who’s truly poor..."