I mean ..the guy is projecting to spend 32 k on childcare alone ..so how can he live in 31 K 😭😭😭😭 Btw .. here is my question .. if you're are spending 30 k on child care ..then you better be making 200 k ..

$31K as a “poverty line” is comedy. A family can’t cover rent, childcare, healthcare or a single emergency on that. That’s not a threshold. That’s survival mode 😡

before or after tax 😂

Very interesting. I think what is considered poverty varies a lot depending on where you live. If the house prices and cost of living are higher or lower the amount of money someone needs to be above poverty is going to be higher or lower. We have a very high cost of living here but I don't know ...

Except many families manage to get by with 60-80k 140k is retarded

That lockdown arbitrage moved me into bitcoin. Back then, my gut feeling somehow told me that things would get more expensive when they (the EU and other central banks) started to distribute a massive amount of new money to avoid a new economic crisis. Every business owner had the ability to go on...

This is good idea. Housing should be a mandatory line to define poverty. The result will be a shocker.

Wow. I asked grok to complete this for Australia and spat out around the 150k mark. After tax it was about the 10k a month mark which is crazy. I would agree with this assessment being based in Australia.

I think this quote from 1984 is fitting: The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.

What this also means is that Bitcoin is absurdly undervalued! Which we already knew.

1

This springs to mind. https://blossom.primal.net/b846c4797fd49915e65ff20b60713d61d3c12cd5b8a4a0044314549590e24404.jpg

I can't quit thinking about this... I've often wondered how anyone making even the average household income survived with the constant devaluation of the dollar. Now it's clear - they're slipping beneath the surface at an accelerating pace!

They never considered the poverty line as questionable? This author is a fucking twat.

so this is like 70+% of the country? time to opt out of fiat

Third world vibes: "We have created a system where the only way to survive is to be destitute enough to qualify for aid, or rich enough to ignore the cost. Everyone in the middle is being cannibalized. The rich know this… and they are increasingly opting out of the shared spaces:"

😥

🫂🫂🫂 No wonder many of the kiddos aren’t all right … so how to penetrate minds and souls matters