News@lemmy.world · 2 months ago

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

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

www.vice.com

return2ozma@lemmy.world to

News@lemmy.world · 2 months 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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2 months ago
Well he addresses that, the lowest level gets some assistance. Once you reach a certain income to climb out you lose the assistance and effectively are back in poverty again.

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