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The Poverty Line is actually $140K for a family of 4. Why so many are struggling and angry. [View all]
Economics geek alert -
The following is an outstanding and detailed analysis of how the poverty line is calculated, why the real poverty line for a family of 4 is around $140K, and the hopeless gap in the middle where you earn too much for benefits, but not enough to survive.
The writer suggests that a lot of animosity towards the poor comes from the fact that the benefits they receive - SNAP, housing assistance, Medicaid -- enable them to live better than people making too much, but too little.
https://open.substack.com/pub/michaelwgreen/p/part-1-my-life-is-a-lie?utm_source=share&utm_medium=android&r=4c1kmu
8 replies
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