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The real American household poverty line isn’t $31,200, it’s around $140,000. (www.yesigiveafig.com)

submitted 2 months ago by fake_meows@sopuli.xyz to c/collapse@lemmy.zip

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The threshold household income where a family can afford housing, healthcare, childcare, and transportation without relying on means-tested benefits is a lot higher than the official stats suggest.

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[–] prole@lemmy.blahaj.zone 2 points 2 months ago (1 children)

You tie the wealth cap to inflation.

[–] nosuchanon@lemmy.world 2 points 2 months ago

At this point the minimum wage also needs to be tied to inflation. Might as well bring it up to match productivity increases while you are at it.