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Wyoming 2024 Self-sufficiency Standard Prepared for the Wyoming Women's Foundation Wyoming Women's Foundation The Wyoming Women's Foundation (WWF) invests in the economic self sufficiency of women
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How to fill out an updated self-sufficiency standard

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How to fill out an updated self-sufficiency standard

01
Gather current data on the cost of basic needs such as housing, food, transportation, healthcare, and childcare in your area.
02
Calculate the income needed to cover these basic needs for different family sizes and compositions.
03
Compare the calculated income with the current poverty threshold to determine if it is sufficient to meet basic needs.
04
Adjust the self-sufficiency standard as needed based on the cost of living and changes in family expenses.

Who needs an updated self-sufficiency standard?

01
Policy makers who want to set realistic income assistance programs.
02
Non-profit organizations working to support low-income families.
03
Research institutions studying economic insecurity.
04
Individuals and families seeking financial stability.
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An updated self-sufficiency standard is a measurement tool used to calculate the income needed for a household to meet its basic needs without relying on government assistance.
Government agencies, non-profit organizations, and other entities responsible for determining eligibility for benefits or programs may be required to file an updated self-sufficiency standard.
To fill out an updated self-sufficiency standard, one must gather data on basic needs such as housing, food, transportation, healthcare, and childcare, and calculate the cost of these needs for a household in a specific geographic area.
The purpose of an updated self-sufficiency standard is to provide a more accurate measure of financial need for individuals and families, taking into account the true cost of living in a given location.
Information reported on an updated self-sufficiency standard may include household size, geographic location, and the cost of basic needs such as housing, food, transportation, healthcare, and childcare.
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