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In comparisions like these where they make claims that 100k isn't enough for a family of four, do they take into account the significant amount of equity people
by thecleaner 8y ago
In comparisions like these where they make claims that 100k isn't enough for a family of four, do they take into account the significant amount of equity people get working at the Bay Area. I guess all major money is in the stock grants, right ?
- deleted 8y ago[deleted]
- koala_man 8y agoWelcome to Hacker News. The article makes no such claim. What it says is that 117k is considered low income. This is determined by the US Department of Housing and Urban Development, where "low income" is defined as 80% or less of the median income in the area. Both bonuses and equity are included in this number, as are interests and dividends. See the full definition on https://www.gpo.gov/fdsys/pkg/CFR-2018-title24-vol1/xml/CFR-2018-title24-vol1-sec5-609.xml https://www.gpo.gov/fdsys/pkg/CFR-2018-title24-vol1/xml/CFR-...