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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="RonJohn" data-source="post: 799401" data-attributes="member: 2426"><p>Look at the poverty level. In 2000, the poverty level for a family of four was $17,050. That would mean that the poverty level in 2021 for a family of four at 10% would be $136,400. That is nowhere near poverty level. Reduce inflation to 8%, and the poverty level would be $68,200. That is close to the median household income in the US. So, by your numbers, the median household income in the USA is at the poverty level?</p></blockquote><p></p>
[QUOTE="RonJohn, post: 799401, member: 2426"] Look at the poverty level. In 2000, the poverty level for a family of four was $17,050. That would mean that the poverty level in 2021 for a family of four at 10% would be $136,400. That is nowhere near poverty level. Reduce inflation to 8%, and the poverty level would be $68,200. That is close to the median household income in the US. So, by your numbers, the median household income in the USA is at the poverty level? [/QUOTE]
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