Reply to Paycheck to Paycheck HBO Documentary

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Reply to "Paycheck to Paycheck HBO Documentary"

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[quote=Anonymous][quote]I think the sadest part is that Katrina didn't realize that she was living in poverty when she was married and before she even had the first child. The failed belief that they were "getting by" when she was married and the three kids is a popular one among those living in poverty because they simply don't know enough about financial matters to understand that they are in poverty and what and how to get out.[/quote]

In that part of the country, if you are married with three kids, with a HHI maybe double what it was after she got divorced (35-40K? maybe, especially without childcare expenses), it isn't considered poverty, it is considered middle class even if you qualify for food stamps, medicaid, and head start.  Retirement funds, emergency funds, college savings, health insurance, these are all not factored into "getting by," in many parts of the country, these are rich people's concerns.  Since truly over 1/3rd of the country lives like this or worse, even more in areas with lower median incomes, it kind of makes since that people consider this "middle class" even if they are one unfortunate event away from financial disaster--if there's a roof over their head, they are fed, they have beautiful kids, and they have a job, they count their blessings.[/quote]

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