The federal poverty level for a family of four is a mere $23,550 per year.
For many of us, the idea of supporting a family on $23,550 is out of the question. For some, it would not even be enough money to support a single person. This number is not as shocking as it might first seem. In fact, a person living in Chicago making minimum wage ($8.25 an hour), and working full-time without any personal, vacation, or sick days (40 hours a week), will make approximately $16,000-$17,000 in a year.