320 Years of History
Gold Member
You can't be serious. Truly, you can't be serious.
If a family of 4 shops smartly they could easily live on $35,000 a year, in most locales in the US, without help.
They could even wear brand names!
That chart is a joke, and nothing more. Those in poverty in the US have internet, food stamps to fill their bellies, 2 meals a day supplied by schools, and summer programs, refrigerators, tv, cell phones, clothes on their back, healthcare, subsidized housing, subsidized utilities, free prescriptions. And charities that will help supply other needs Federal guidelines for WIC assistance alone for this yearks a family of 4 can make up to $45,000 a year and receive benefits from it! They can own a home, a lot, own a vehicle up to a certain value, have cash of up to $2250 in a checking account, have pension income which is not included in the guidelines. Do you know what the median wage is? $53,000. So, to say those making $45 grand a year that then can qualify for anywhere from $6-$10 grand in welfare benefits, is not in true poverty.
Say what?
Red:
That's all well and good, TODAY. What are they supposed to do when they are old and still impoverished? More importantly, and not that the minimum wage is going to provide the solution, why should there be anyone impoverished in the U.S? I think that last question points toward what the other member was getting at, but I could be mistaken.
Blue:
Well, were charitable contributions enough, I suspect we wouldn't observe poverty in the U.S. There's clearly a gap somewhere.
Green:
Where can family of four live on $45K/year and not be impoverished? Where I live, that's exactly what they'd be, benefits or no benefits. Maybe that's not so for such a family living on the side of a mountain in Kentucky, but in any metropolitan area, it certainly will be so. Heck, anywhere in the Eastern Megalopolis, one could give that family of four $10K more and bring their household income to $55K/year and they still would live in poverty; it'd just be less poverty than at $45K/year.
I am entirely serious.
$55K/year ($45K wages + $10K WIC subsidy) = 4600/month before taxes in D.C. or D.C. Metropolitan area
Roughly speaking, one can expect to have minimum expenses of ~$4300, and that's before paying for the roof over one's head which had better be free because there are no places for rent or purchase in the D.C. area that cost just $300/month and that will accommodate a family of four.
Will the Philly or Boston or any other Eastern Megalopolis areas be somewhat better? Sure a little bit, except for NYC, but not break even better, and certainly not "save something each month to have a pittance for retirement" better.
P.S.
I chose the $4300/month site because it's at least liberal in it's assumptions, but most importantly, it's pretty spot on for rent. A more conservative cost estimate would present higher figures for things like transportation, utilities, and whatnot...the ones given would be correct for a lustrum or two ago
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