What Is Poverty Line 2024. More than twice as many (over 12. The poverty rate for american children was 12.4%, the lowest since 1973, and the rate for people 65 and older was 10.2%, up from 8.9% in 2019.
As of 2024, the annual fpl for an individual is $15,060 ($1,255 / month), and for a married couple is $20,440 ($1,703 / month). The 2024 federal poverty level (fpl) income numbers below are used to calculate eligibility for medicaid and the children’s health insurance program (chip).