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Also, more Americans are living in poverty. But don’t look over there.

• closeparen 7mo ago
  Doesn't look like it. What's your source? https://www.statista.com/statistics/200463/us-poverty-rate-since-1990/ https://www.statista.com/statistics/200463/us-poverty-rate-s...
  • deleted 7mo ago
    [deleted]
  • fuckingretard 7mo ago
    [dead]
  • RajT88 7mo ago
    Poverty line is different from living paycheck-to-paycheck. The growth is not dramatic, but steady over time: https://institute.bankofamerica.com/content/dam/economic-insights/paycheck-to-paycheck.pdf https://institute.bankofamerica.com/content/dam/economic-ins...
    • Computer0 7mo ago
      Where I live the income limits for entering homeless housing are over double the federal poverty threshold. It is a completely failed metric.
    • closeparen 7mo ago
      >We consider a measure of necessity spending that includes but is not limited to childcare, external credit card payments, gasoline, general retail, grocery, housing (mortgage/rent), insurance, cable TV/broadband, public transportation, tax payments, vehicle costs and payments. We consider spending across payment channels (ACH, credit and debit card, bill pay). Income is defined as regularly recurring payments into accounts, such as payroll, social security, unemployment insurance pensions, and annuity income. Households are defined as living paycheck to paycheck if in the quarter their necessity spending exceeds 95% of their income This is more thoughtful than some "paycheck to paycheck" discourse, put objectively well-off people definitely put themselves into this picture by signing up for more house, more car, or more credit card spending than even the relatively high level they can afford.
  • TheOtherHobbes 7mo ago
    Relatively, the 1%er money isn't being spent on education, health, housing and broad productive investment. https://wid.world/country/usa/ https://wid.world/country/usa/
• pixel_popping 7mo ago
  source?