The Supplemental Poverty Rate
In a piece we linked today, Jordan Weissman makes the case for it:
On the one hand, it accounts for additional expenses, like medical care and regional variations in housing. On the other, it better incorporates government benefits, like food stamps and housing subsidies. In the end, it usually comes out to be a little less than a percentage point higher than the official poverty rate.
It makes the War on Poverty look a lot more successful, too: