Is $140,000 the New Poverty Line in America?
21:49
YouTubeCoin Bureau Finance
Is $140,000 the New Poverty Line in America?
What does it take to be poor in America? The federal poverty line says it’s $31,200 for a family of four. If that threshold sounds like a joke, it’s because the government measures poverty using economic data from the 1950s. This guarantees a massive undercount of poor Americans. Recently, a hedge fund guy manager applied the government's ...
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