Is $140,000 the real poverty line?

A “viral” essay on household income has sparked debate over a polarizing question, said in The Washington Post : Just how many Americans are living in poverty? Michael Green, a Wall Street portfolio manager, argues in a Substack article that the federal poverty line— calculated for decades at three times the cost of a “minimum food diet,” and currently $32,150 for a family of four—is an egregious “lie.” That calculation made sense in the 1960s, writes Green, when “housing was relatively cheap,” health care was employer-provided, and “college tuition could be covered with a summer job.” But such expenses have skyrocketed, and a second income is now essential for many families, which means they must also pay out for child care. A household income of $136,500 is now the real “break-even