And that's with a poverty line that's already way too low. The poverty line is based on the price of food, because when it was instituted that's what poor people spent something like 2/3 of their income on. Now the poor spend about 10-25% of their income on food and at least 2/3 on housing, but the official poverty line is still based on food prices.
this post was submitted on 30 Apr 2025
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