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Investor claims $140,000 is America's new poverty line, economists push back
Ask Americans how they feel about their finances, and many will tell you they’re barely getting by — or worse. In recent weeks, that anxiety intensified after claims circulated online suggesting that ...
Last year, 11.6% of people in the U.S. lived below the federal poverty level, a number that has ticked up in recent years, according to the Census Bureau. Experts say those numbers may be even higher ...
The idea of the poverty line dates back to 1963, when Mollie Orshansky, a statistician for the Social Security Administration, developed a method to measure how many families were unable to afford ...
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An investor called $140,000 the new poverty line. Experts disagreed but said he had a point.
Michael W. Green did some math recently. For a family of four to afford housing, health care, child care and other necessities, he calculated that they would need at least $136,500 a year. The U.S.
According to data from the U.S. Census Bureau, the number of people living in poverty in the U.S. decreased for the fifth consecutive year. Roughly 37 million people, or 11.4 percent of the total ...
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