3 ms·
The bottom quintile had a mean household income of just $12,000 in 2016 (https://www.advisorperspectives.com/dshort/updates/2017/09/19/u-s-household-incomes-a-5
by da_chicken 9y ago
The bottom quintile had a mean household income of just $12,000 in 2016 (https://www.advisorperspectives.com/dshort/updates/2017/09/19/u-s-household-incomes-a-50-year-perspective https://www.advisorperspectives.com/dshort/updates/2017/09/1...). I'm struggling to understand how such a household could afford to pay rent on $1,000 a month, let alone afford "luxuries" such as doctor visits. And, yes, they would qualify for SNAP assistance, but in my (second hand) experience it's not much and decreases faster than income increases (i.e., and increase in monthly salary of $x/mo results in a loss of food assistance greater than $x/mo).