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News@lemmy.world · 13 hours ago

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

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

return2ozma@lemmy.world to

News@lemmy.world · 13 hours ago

cross-posted to:
[email protected]

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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DagwoodIII@piefed.social
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12 hours ago
“Entitlement?”

Back in 1960, minimum wage was $1.00/hour and the average US home was $11,000.00

A brand new high school graduate could be a homeowner in a decade.

Please explain to me how anyone wanting to be able to live like that is ‘entitled.’
- Fluffy Kitty Cat@slrpnk.net
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  The new American dream is having a giant polycule and splitting a home between several paying adults

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