Poverty Line Greatly Underestimated?
The official poverty line in the United States is $32,150 / year for a family of four , maybe that threshold should be higher: $140,000 ! When the line was set in 1963, food made up 1/3 of the average family's budget, so taking a minimal grocery list and tripling it was a reasonable calculation because food prices were far easier to track than e.g. housing prices. But in 2024, food only makes up 5%-7% of the average family's budget! Tripling the food budget to reach a minimum income no longer corresponds with "people above this line are not in crisis."