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Reply to "Poverty level is $140,000 for a family. Really."
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[quote=Anonymous][quote=Anonymous]I live in the Midwest and that number sounds crazy high for the poverty line. We live in a wealthy town. We have neighbors with SAHPs who make about that much. They’re not remotely close to the poverty line with their big families, big houses in good school districts. [/quote] You have to make a lot more with two working parents to have the same quality of life. In metro areas, you probably need another $30-45k if you both work with two kids. In rural areas, it is probably more like needing another $20-30k. At lower income levels, you need even more, since the income of the other parent would also need to offset the loss of government programs.[/quote]
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