According to data and projections from the Congressional Budget Office, Census Bureau, and Bureau of Economic Analysis, raising the federal minimum wage from $7.25 to $15 per hour would increase the average income of families below the poverty line by about 1%. The reasons why this figure is so low is because (1) less than 27% of adults in poverty work at least part-time for at least half of the year; (2) doubling the minimum wage would destroy about 1.4 million jobs with a disparate impact on young, less-educated people; (3) doubling the minimum wage would cause a slight decline in the overall economy, increased inflation, and higher taxes; and (4) the average income of families in poverty is several times greater than commonly reported because the official statistics exclude a vast array of goods and services that poor people receive from governments and charities.