reply on: The real poverty line in the US isn't $31,200: it's $140,000

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0 sats \ 0 replies \ @SimpleStacker 13h \ parent \ on: The real poverty line in the US isn't $31,200: it's $140,000 - Michael Green econ

I agree, I don't think $100k would be comfortable. I don't know if I'd use the word "harship", but I do quite like the word "precarious" to describe it, and some economists have even described this class as the precariat. Meaning, they earn enough to make a decent living, but not enough to build up a cushion, and if they get hit with an emergency expense it could spiral them.