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In reply to the discussion: An investor called $140,000 the new poverty line. Experts disagreed but said he had a point. [View all]JonAndKatePlusABird
(363 posts)40. Hyperbole much?
Really compelling analysis of his analysis
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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