Exaggerating poverty thresholds conflates the truly poor with the lower-middle class and weakens policy clarity and motivation for practical solutions.
Wall Street strategist explains today's political rage with a poverty line that should be $140,000 and the 'Valley of Death' trapping people below it | Fortune
The official U.S. poverty line dramatically underestimates modern living costs; updated spending patterns imply a crisis threshold near $140,000 for functioning households.