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News@lemmy.world · 3 days ago

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

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

return2ozma@lemmy.world to

News@lemmy.world · 3 days ago

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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TubularTittyFrog@lemmy.world
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2 days ago
140K is more 85% of the USA population.

It’s upper middle class. it’s about 5 grand a month in disposable income. assuming a 1/3 tax rate and 3K in rent/mortage

it’s also what I make, and yeah i have that much disposable income per month.
- cuckmaster69@lemmy.billiam.net
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  how many kids do you have and how much of your income is going towards their education/childcare?

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