Reply to Poverty level is $140,000 for a family. Really.

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Reply to "Poverty level is $140,000 for a family. Really."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]140K can be rich in DC depending on your situation.

For example my kid lives in a rent controlled apt in Adam Morgan.

The women who is on site manager has two kids and is married. She does the apt showings, makes sure work is done by porter and staff. But the building is old and runs like clockwork so not really a full time job. Just has to be around for stuff like when an apt is is free to be shown and check work is actually done.

She does it for free and in return she gets a free two bedroom apartment, utilities and parking included. Kids school is up the block she walks them to and from school.

If her husband made 140K she be in my opinion rich.

[b]A dual income couple both in the office with childcare and a mortgage at 140K would be poor. [/b][/quote]

That is exactly his point.  In his article, he says the poverty line for a dual-income couple with 2 kids who need childcare and a mortgage.  This is pasted from his article:

"Using conservative, national-average data:

Childcare: $32,773
Housing: $23,267
Food: $14,717
Transportation: $14,828
Healthcare: $10,567
Other essentials: $21,857
Required net income: $118,009

Add federal, state, and FICA taxes of roughly $18,500, and you arrive at a required gross income of $136,500."[/quote]
That’s not poverty. That’s living an honest life with two cars and an apartment with healthcare and food. Trips to Va wine country and Major cities are cheap ways to have ‘vacations’ like camping. Amazing that poverty is now considered having all those things.[/quote]

100%. This thread was shocking to read. Since when is summer camp or expensive kid activities an essential? People look at how the UMC lives and assumes that means the MC gets those things too and if not, that means they’re poverty level. [/quote]

Summer camp is 100% a necessity when both parents work outside the house. What else would you do with the kids during the summer if you are at the office?[/quote]

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