Final answer:
The family is best described as 'near poor,' as their income is above the poverty line but they struggle to meet living expenses.
Step-by-step explanation:
The family described in the question is struggling to meet their living expenses despite having an income above the federal poverty guidelines. This situation best aligns with the term near poor. The near poor are individuals or families whose income is above the poverty line but still struggle to afford basic necessities and living costs. They often don't qualify for government assistance programs designed for those below the poverty line, which places them in a precarious situation, managing to make ends meet but with little to no financial security.