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Cake day: July 7th, 2023

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  • If you were to actually read the substack the original author wrote, it’s well justified reasoning. The original poverty calculation was based on the cost of food as a percentage of income of a family that is fully participating in society. The author explains though that food is a much smaller portion of our daily expenses and that the cost of fully participating in society includes significantly more expenses. So, if we still use food as a baseline, but re-evaluate it’s percentage of expenses. The new poverty line comes out to about 130k. The author also validates this by looking at the national average expenses and indeed for a family, fully participating in society with no government support, it’s around that range. But you know, continue being snarky.