"$100,000 Is the New Poor" – "We are measuring starvation". In the US today, you will need 150k per year at least to avoid poverty.
But their measures for poverty still use the numbers from the 60ies. A dying country, a failed state. So sad to see this.
From my own experience in the US, you dont get real health care for 10k a year. Most friends over there spent at least double than that.
"Using conservative, national-average data:
Childcare: $32,773
Housing: $23,267
Food: $14,717
Transportation: $14,828
Healthcare: $10,567
Other essentials: $21,857
Required net income: $118,009
Add federal, state, and FICA taxes of roughly $18,500, and you arrive at a required gross income of $136,500."
And the worst is: It works as intended:
“Americans earned more for several reasons. The first is that neoliberal economic policies worked as intended. In the last 50 years, there have been big increases in productivity, solid GDP growth and, since the 1980s, low and predictable inflation.” – "So that’s the trap. The real poverty line—the threshold where a family can afford housing, healthcare, childcare, and transportation without relying on means-tested benefits—isn’t $31,200. It’s ~$140,000."
