Michael Green recalculates what the poverty line is in USA. I wonder what would be the equivalent in Australia https://www.yesigiveafig.com/p/part-1-my-life-is-a-lie #PovertyLine #poverty
Part 1: My Life Is a Lie

How a Broken Benchmark Quietly Broke America

Yes, I give a fig... thoughts on markets from Michael Green

@vivianharris45 The Australian formula looks to be more robustly calculated, taking housing cost into account and tethering the poverty line to median income instead of to fixed costs. But it’s still likely to be flawed.

https://povertyandinequality.acoss.org.au/poverty/

Poverty – Poverty and Inequality

Chapter 2 - The extent of poverty in Australia

Chapter 2The extent of poverty in AustraliaMeasuring and defining poverty2.1Australia does not have a single definition of poverty and as such, it has no official, nationally agreed definition or way of monitoring poverty.[1]2.2In the absence of an official definition, common mea

@vivianharris45 Always easier to not measure something reliably if you don’t agree on what it is.