return2ozma@lemmy.world to News@lemmy.world · edit-23 days agoIs $140,000 the New Poverty Line for Americans?www.vice.comexternal-linkmessage-square130fedilinkarrow-up1289arrow-down118
arrow-up1271arrow-down1external-linkIs $140,000 the New Poverty Line for Americans?www.vice.comreturn2ozma@lemmy.world to News@lemmy.world · edit-23 days agomessage-square130fedilink
minus-squareQuilotoa@lemmy.calinkfedilinkarrow-up7arrow-down1·3 days agoWhich method does the U.S. use to calculate its poverty line?
minus-squareNoneOfUrBusiness@fedia.iolinkfedilinkarrow-up19·3 days agohttps://en.wikipedia.org/wiki/Poverty_in_the_United_States#Poverty_income_thresholds TL;DR: “The U.S. poverty line is calculated as three times the cost of a minimum food diet in 1963, adjusted for inflation.”
minus-squareAfaithfulnihilist@lemmy.dbzer0.comlinkfedilinkarrow-up6·3 days agoAdjusted for inflation using an inflation statistic that does not factor in changes to the price of medical care, housing, or energy.
minus-squareKrauerking@lemy.lollinkfedilinkarrow-up1·2 days agoAdjusted for not real adjusted inflation. But like including a gameboy so it feels legitimate.
minus-squareCmdrShepard49@sh.itjust.workslinkfedilinkarrow-up4·3 days agoAnd what’s not talked about is that food prices have been kept low this entire time via government while the cost of everything else has skyrocketed.
Which method does the U.S. use to calculate its poverty line?
https://en.wikipedia.org/wiki/Poverty_in_the_United_States#Poverty_income_thresholds
TL;DR: “The U.S. poverty line is calculated as three times the cost of a minimum food diet in 1963, adjusted for inflation.”
Adjusted for inflation using an inflation statistic that does not factor in changes to the price of medical care, housing, or energy.
Adjusted for not real adjusted inflation. But like including a gameboy so it feels legitimate.
And what’s not talked about is that food prices have been kept low this entire time via government while the cost of everything else has skyrocketed.