LogFAQs > #888595545

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Topic	report: US has regressed to developing nation status
Rexdragon125 10/17/17 10:39:52 AM #96:	Around half of Americans are in poverty now https://www.commondreams.org/views/2017/10/16/yes-half-americans-are-or-near-poverty-heres-more-evidence The poverty threshold is still based on a formula from the 1960s, when food expenses were a much greater part of the family budget. It hasn't kept up with other major expenses. Since 1980, food costs have gone up by 100%, housing 250%, health care 500%, and college tuition 1,000%. The Congressional Research Service (CRS) says, "If the same basic methodology developed in the early 1960s was applied today, the poverty thresholds would be over three times higher than the current thresholds." Three times higher! <cite>Rexdragon125 posted [p:888595545] in report: US... [t:75850447]...</cite> <quote>Around half of Americans are in poverty now https://www.commondreams.org/views/2017/10/16/yes-half-americans-are-or-near-poverty-heres-more-evidence <quote>The poverty threshold is still based on a formula from the 1960s, when food expenses were a much greater part of the family budget. It hasn't kept up with other major expenses. Since 1980, food costs have gone up by 100%, housing 250%, health care 500%, and college tuition 1,000%. The Congressional Research Service (CRS) says, "If the same basic methodology developed in the early 1960s was applied today, the poverty thresholds would be over three times higher than the current thresholds." Three times higher! </quote></quote> ... Copied to Clipboard!
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