A Wall Street portfolio manager made an argument for a $140,000 poverty line for American households. Does it hold water?
  • gustofwind@lemmy.worldEnglish
    12·
    26 days ago

    uh huh, thank you vice and mr wallstreet substack poster for spreading such awareness, but where does that leave people in actual poverty?

    • NewNewAugustEast@lemmy.zip
      4·
      25 days ago

      Well he addresses that, the lowest level gets some assistance. Once you reach a certain income to climb out you lose the assistance and effectively are back in poverty again.

    • TubularTittyFrog@lemmy.world
      2·
      25 days ago

      vast majority people in actual poverty spend their lifetime in poverty. about 10% make it out, mostly via education for gifted kids.