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News@lemmy.world · 1 month ago

Is $140,000 the New Poverty Line for Americans?

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Is $140,000 the New Poverty Line for Americans?

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News@lemmy.world · 1 month ago

A Wall Street portfolio manager made an argument for a $140,000 poverty line for American households. Does it hold water?

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TubularTittyFrog@lemmy.world
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1 month ago
140K is more 85% of the USA population.

It’s upper middle class. it’s about 5 grand a month in disposable income. assuming a 1/3 tax rate and 3K in rent/mortage

it’s also what I make, and yeah i have that much disposable income per month.

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