If you were to actually read the substack the original author wrote, it’s well justified reasoning. The original poverty calculation was based on the cost of food as a percentage of income of a family that is fully participating in society. The author explains though that food is a much smaller portion of our daily expenses and that the cost of fully participating in society includes significantly more expenses. So, if we still use food as a baseline, but re-evaluate it’s percentage of expenses. The new poverty line comes out to about 130k. The author also validates this by looking at the national average expenses and indeed for a family, fully participating in society with no government support, it’s around that range. But you know, continue being snarky.
If you were to actually read the substack the original author wrote, it’s well justified reasoning. The original poverty calculation was based on the cost of food as a percentage of income of a family that is fully participating in society. The author explains though that food is a much smaller portion of our daily expenses and that the cost of fully participating in society includes significantly more expenses. So, if we still use food as a baseline, but re-evaluate it’s percentage of expenses. The new poverty line comes out to about 130k. The author also validates this by looking at the national average expenses and indeed for a family, fully participating in society with no government support, it’s around that range. But you know, continue being snarky.