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Business Latest: Defining poverty

The portion of the of the population defined as poor fell last year. But the report doesn't tell the whole story about what it means to be poor in America.

Michell and Alex, who are homeless, sit outside of the Pan Am Shelter in Queens with their daughter Alexis on Aug. 20, 2014 in New York City. (Photo by Spencer Platt/Getty)
Michell and Alex, who are homeless, sit outside of the Pan Am Shelter in Queens with their daughter Alexis on Aug. 20, 2014 in New York City.Getty Images

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