Have you heard that a family of four in the US is now considered poor if their household income is under $136,500 (103,300) a year? Don't @ me about the maths I'm just the messenger. The person behind this calculation is Michael Green, who is chief strategist and portfolio manager for Simplify Asset Management. I think this means that he makes large sums of money by fiddling with even larger sums of money.
Melinda Turner starts her day at 3:30 a.m., and within 30 minutes, wakes her 8-year-old daughter for school. She packs their bags and by 5 a.m., heads out to drop her child at an in-home day care - one of the few providers in her area that opens before dawn. Turner, a single mother, then drives to her early shift at a manufacturing job.
