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The "poverty line" is a joke. It's pegged to food when the largest expenses for most families are housing and medical care. I know I probably spend about the sa
by pnutjam 9y ago
The "poverty line" is a joke. It's pegged to food when the largest expenses for most families are housing and medical care. I know I probably spend about the same on groceries as I spend on health insurance, without taking into account what my employer pays, deductibles, etc.
I doubt many families have 10% of income to spare.
- learc83 9y agoIt's 1.5x the poverty level. That's about $37k for a family of 4. >I doubt many families have 10% of income to spare. For a family of 4, it's 10% of income over $37k, not 10% of income. If that family made the median household income of $59k, they'd be paying about $180 a month in loan repayments.