Crazy to me that anyone thinks that in 2025, supporting 4 people on 140K per year would be anything but a struggle.
Have you all bought groceries recently? Do you have any idea how expensive kids are? Housing?
We’ve been looking at the poverty line all wrong for decades now…
- Thread starter RickyGQ
- Start date
Crazy to me that anyone thinks that in 2025, supporting 4 people on 140K per year would be anything but a struggle.
Have you all bought groceries recently? Do you have any idea how expensive kids are? Housing?
You think this is an insult instead of challenging what basics should be composed of.
This is the same argumentation you all use to suggest the minimum wage should be $50 or something
Thats not an income problem, thats a market and infrastructure problem.
Which posters have suggested that the nationwide minimum wage should be $50?
It is an income problem because wages have not kept up with costs.
Income inequality is worse than ever, something like the top 10% of households now accounts for 50% of consumer spending, that is a problem.
the cac mamba
Veteran
you think budgeting 8 thousand dollars a month after taxes is "poverty"?
then what new word are you coming up with for the people budgeting 3 grand a month?
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You can’t answer everything with making more money. Sometimes, things need to get cheaper. You just keep chasing inflation that way.
It’s cheaper to live in other places for a reason.
Guys like you incorrectly think that the minimum wage should be a living wage.
Ok, what is your plan for deflation without causing economic calamity? What is a logical pathway to that?
And guys like you continue to pretend to be Democrats even though you agree with Republicans on everything.
Not adopting the most marxist friendly talking point doesn’t make you a republican, but I think you do this out of insecurity in your own opinions.
Tariff instability don’t help, for one.
Also it depends on the consumer good we’re talking about
Also, I think theres a social impetus to spend more on frivolous shyt. But yall will say I’m a conservative culture warrior for bringing this up.
You don't even have the self awareness to notice how social inept you are nor do you even recognize that you are pretending to be something that you haven't been for years, and that everyone sees through the facade. So you'll excuse me if I take what "you think" with many grains of salt.
Ad hominems’ are not economic analysis.
You jumped out there to call me a republican for disagreeing with you. …and I’m socially inept?
GnauzBookOfRhymes
Superstar
Kids are eligible for public pre-K etc relatively young so basically the article is saying that parents will experience lean years - which is absolutely true. That 30K makes all the difference. Some of the other expenses, for instance transportation. Assuming that includes car notes that goes away after a few years as well.
I agree with the idea that 6 figures doesn’t mean what many people assume. And my sense is that the author is using a figure like 140 to not only sympathize with those experiencing that new reality but also for engagement etc.
I think the overarching argument - that these kinds of figures and categories need to be revisited - is sound.