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Poverty threshold question

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Senior Manager
Senior Manager
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Joined: 15 Jan 2010
Posts: 258
Location: United States
Concentration: Finance, Strategy
Schools: Chicago (Booth) - Class of 2014
GMAT 1: 760 Q51 V44
GPA: 3.54
WE: Consulting (Consulting)
Followers: 1

Kudos [?]: 54 [0], given: 1

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Poverty threshold question [#permalink] New post 16 Oct 2011, 20:39
Hi Alex,

Quick question for you. Wharton's application wants to know: "Do you come from a family with an annual income below established low-income thresholds?" and they provide guidelines in the application. My issue is that when I left home we were above the poverty threshold, but there were definitely points in my childhood where we were underneath, and we did spend some time straddling the poverty line. How would you answer this question in my case? Is there a rule of thumb on this?

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My blog: http://www.theapplicationist.blogspot.com/
My application status: 2012-profiles-w-admit-dings-results-no-discussion-116595.html#p983273

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Re: Poverty threshold question [#permalink] New post 17 Oct 2011, 09:49
They are looking for your *current* family situation, not what happened in the past. If your family ain't poor now, then the answer to that question is "no".

I can already picture some folks trying to use this for brownie points, sounding like a World Vision commercial - like "I come from poor country. My village had disease. We lived in mud huts. My father walked 10 miles barefoot. My mother had leprosy that ate away her hands so now they just nubs. Please. Help me. I want to work investment banking and private equity to help my village."

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Alex Chu
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Senior Manager
Senior Manager
avatar
Joined: 15 Jan 2010
Posts: 258
Location: United States
Concentration: Finance, Strategy
Schools: Chicago (Booth) - Class of 2014
GMAT 1: 760 Q51 V44
GPA: 3.54
WE: Consulting (Consulting)
Followers: 1

Kudos [?]: 54 [0], given: 1

GMAT Tests User
Re: Poverty threshold question [#permalink] New post 18 Oct 2011, 06:13
I laughed out loud at this. My dad walked 15 miles barefoot - does that mean I can say "yes"?

_________________

My blog: http://www.theapplicationist.blogspot.com/
My application status: 2012-profiles-w-admit-dings-results-no-discussion-116595.html#p983273

Re: Poverty threshold question   [#permalink] 18 Oct 2011, 06:13
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