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Did you know our Fed poverty line is based on 1955 spending, & the way we calculate it hasn’t changed since 1964? It assumes 1 earner & a mother home full-time. It doesn’t include cost of childcare, geographic cost of living, or healthcare. Some predict it should be *$38k/yr.*
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"We are at our richest point that we’ve ever been, but we’ve also been our most unequal." Alexandria Ocasio-Cortez hopes to do for the nation’s poor what she has done with health care and climate politics with the unveiling of a new anti-poverty package. nyti.ms/2kZdpwN
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38 is scraping by with me. Without anything saved in retirement. My last job, I got so many layoffs that I had to pull out of my 401k. Once I maxed out what I could, I stopped contributions because I couldn't afford them. When I left I chose the payout. $1.55 Try 40k 10 yrs ago.
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