A nerdy economics essay recently went viral. It asserted that the federal measure for the poverty line was woefully outdated and that for a family of four, the income needed today to function in American society was $140,000.
#inequality #economics #capitalism #poverty #RiggedMarkets #plutocracy #oligarchy #corruption #USpolitics
https://www.nytimes.com/2025/12/20/us/politics/middle-class-us-economy-affordability.html
Why Middle-Class Americans Say Life Is Unaffordable

Economists say that a typical middle-class family today is richer than one in the 1960s. Americans in their 20s and 30s don’t believe it.

The New York Times