Definitions for "Low-income"
Between 100 percent and 200 percent of federal poverty thresholds. (Ex. A family of three that made between $14,494 and $28,988 in 2002)
For the purposes of this competition, low-income is defined as the four billion people earning less than US$1500/year (C.K. Prahalad & Stuart Hart, 2002. The Fortune at the Bottom of the Pyramid, Strategy + Business, Issue 26, 2002).
Under federal law, a family is considered low-income if the household income is below 80% of an area's median income (AMI) after adjustment for family size. Very low-income is at or below 50% of AMI.