What is Poverty Income?
March 6, 2009 on 6:40 pm | In Oh Yeah, Poly Tics, The World | No CommentsUS poverty level for one person is: $10,830. 200 percent is $21,660. 200 percent of poverty is a high rate set for income based programs. As, I earn in any given year 7,000 to 8,000 dollars more then that. I earn too much to be eligible for any poverty based program.
My podium is this! Poverty levels set by the US Government is a sham! Poverty really starts at around $40,000 maybe even $45,000 a year.
Working income levels go from there up to maybe $110,000 or even a $120,000. (Though with the economy, the working income may come down some). A few years ago the City of Fergus Falls in Minnesota was offering to sell new homes to poor people. The minimum required household income was $65,000 a year!
Middle income goes up to $250,000 or $300,000. Don’t believe me? Watch these news shows where the reporters are complaining how hard it is to make ends meet. And how the “middle class” has had to cut out some $30 lunches and $70 to $100 dinner shows every month just to make ends meet. And have even had to go to cheaper cars maybe $30,000 and have to trade them at maybe 4 years instead of 2 or 3 years.
I am not complaining about my income level. But I do believe that people, esp. these that are earning bigger incomes have no idea what it means to be a poverty level. I think it would be good that Congress and the President had to live at what are government guidelines for poverty. I bet there would be changes to the equations of how to establish what poverty level is.
Signed,
A high end working poor Stiff,
OH
Copyright 2009
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