Is $140,000 the New Poverty Line for Americans?

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Is $140,000 the New Poverty Line for Americans?

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return2ozma@lemmy.worldBanned from community to

News@lemmy.world · 5 months ago

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A Wall Street portfolio manager made an argument for a $140,000 poverty line for American households. Does it hold water?

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5 months ago
Well he addresses that, the lowest level gets some assistance. Once you reach a certain income to climb out you lose the assistance and effectively are back in poverty again.

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