3 ms·
Why does the value of their home factor into their annual income? You can't pay for healthcare with pieces of your house.
by brown9-2 14y ago
Why does the value of their home factor into their annual income? You can't pay for healthcare with pieces of your house.
- citricsquid 14y agoThe value of their home factors into their annual income when comparing to other household incomes. The grandparent said that $25,000 is a level of income someone would expect on welfare, however MMM does not have costs that people on welfare have. For example I spend $18,000 per year on my rent, I would need to earn $25,000 + $18,000 to have the same effective income as MMM. For most households housing costs are one of the largest (if not the largest) ongoing cost, when comparing MMM and others (as the grandparent did) you need to take that into account.
- deleted 14y ago[deleted]