Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: An investor called $140,000 the new poverty line. Experts disagreed but said he had a point. [View all]leftstreet
(38,577 posts)5. Why shouldn't a "lifestyle" include sports and 2 cars?
Most 4 person families have 2 income earners, so yes they probably need 2 cars. Why shouldn't the same family expect to enroll their kids in sports and activities? Why should any food beyond "ramen and hot dogs" be only for the wealthy?
The guy is right
Edit history
Please sign in to view edit histories.
Recommendations
16 members have recommended this reply (displayed in chronological order):
57 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
An investor called $140,000 the new poverty line. Experts disagreed but said he had a point. [View all]
Zorro
Saturday
OP
I would buy this sum is accurate (even low) if one desires to live in an expensive, desirable area
AZJonnie
Saturday
#3
"It's laughable to put a poverty line far above the median income in the United States."
mountain grammy
Saturday
#7
Green's required net income: $118,009. The $136,500 is gross. For a family of 4.
Celerity
Saturday
#26
That was the reason my wife worked part time until our daughter was old enough for elementary school
NickB79
Sunday
#41
Several points here. First, "laughable to put a poverty line far above the median income" is itself laughable
unblock
Saturday
#9
The observations have merit, even if the specific application of conclusion doesn't.
unblock
Sunday
#31
I would think for most families of 4 it's enough to live on but very little disposable income for extras.
Raftergirl
Saturday
#10
Residents making an annual income of up to $109,700 who are living in Marin, San Francisco, San Mateo, Santa Clara and
Celerity
Saturday
#22
Disagree (after reading it fully) & the $136,500 figure is gross, his required net income: $118,009. For a family of 4.
Celerity
Sunday
#30
That seems a rather blanket statement, sorta like "every immigrant from India is a math genius"
DFW
Sunday
#48
I wouldn't call it a "poverty" line, but the "living wage" line. Below that, government subsidies are necessary. nt
Blasphemer
Sunday
#34
While most of the posts in this thread have been about housing costs,
PoindexterOglethorpe
Sunday
#52