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Rethinking the Poverty Line: Why $140,000 Might Be the New Threshold for Financial Stability
Rethinking the Poverty Line: Why $140,000 Might Be the New Threshold for Financial Stability
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BTCCSquare news:
A provocative analysis by Michael Green, chief strategist at Simplify Asset Management, challenges the official U.S. poverty threshold of $32,150 for a family of four. The 1963 formula—pegging poverty to three times the cost of a basic food budget—no longer reflects modern financial realities. Housing, healthcare, and childcare now dominate household expenses, rendering the outdated metric inadequate.
The $140,000 figure underscores a broader economic paradox: six-figure earners increasingly report financial strain. This disconnect between official statistics and lived experience fuels public dissatisfaction, even among upper-middle-class households. The data suggests systemic inflationary pressures beyond traditional CPI measurements.
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