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News@lemmy.world · 2 months ago

Is $140,000 the New Poverty Line for Americans?

cross-posted to:
aboringdystopia@lemmy.world

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Is $140,000 the New Poverty Line for Americans?

return2ozma@lemmy.world to

News@lemmy.world · 2 months ago

cross-posted to:
aboringdystopia@lemmy.world

A Wall Street portfolio manager made an argument for a $140,000 poverty line for American households. Does it hold water?

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2 months ago
It should be localized. it cuts both ways. Why would we say a family struggling to make ends meet is not really poor because they could live comfortably on that salary in a different region?

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