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

submitted 4 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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[–] favoredponcho@lemmy.zip 2 points 4 months ago

The math has been shown. Times published an article a few years back that showed the 1% have siphoned $50 trillion for themselves over decades since 1970 that are essentially due to stagnant wages. Put differently, the 1% owes the rest of America $50 trillion. Probably a few trillion more now.