Rethinking Poverty: The Hidden Struggles of $140K Families
Update: 2025-11-25
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Rethinking Poverty: Why a Six-Figure Income May Not Be Enough - A financial strategist challenges the traditional poverty line, arguing its outdated and doesnt reflect modern expenses. The strategist suggests the real poverty line for a family of four could be around $130,000 to $150,000, considering costs like housing, childcare, transportation, and healthcare. This perspective sheds light on the growing financial pressures on households and the need to update our understanding of financial struggle.
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