return2ozma@lemmy.world to News@lemmy.world · edit-22 months agoIs $140,000 the New Poverty Line for Americans?www.vice.comexternal-linkmessage-square130linkfedilinkarrow-up1286arrow-down119
arrow-up1267arrow-down1external-linkIs $140,000 the New Poverty Line for Americans?www.vice.comreturn2ozma@lemmy.world to News@lemmy.world · edit-22 months agomessage-square130linkfedilink
minus-squareQuilotoa@lemmy.calinkfedilinkarrow-up7arrow-down1·2 months agoWhich method does the U.S. use to calculate its poverty line?
minus-squareNoneOfUrBusiness@fedia.iolinkfedilinkarrow-up19·2 months 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-up6·2 months 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 months agoAdjusted for not real adjusted inflation. But like including a gameboy so it feels legitimate.
minus-squareCmdrShepard49@sh.itjust.workslinkfedilinkarrow-up4·2 months 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.