Post #3237559
2026-06-01 21:32 UTC
Yeah if he thinks 70k is poor… Woah buddy
Replies (1)
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@Folstar@lemmus.org 2026-06-01 23:32
I’m not quite sure how to interpret this. Unless you’re single in a low COL area, 70k in 2026 IS poor. Or, more accurately, it does not give someone everything that defined the post war “middle class” leaving you working poor or just old fashioned poor. The decision in the 90s to tell a technical-truth-lie about inflation to underreport it by 1-2% per year did wonders for juicing the economy, but now it’s time to pay the piper so to speak. Median personal income in 2024 was $45k, but after 30 years (Rule of 70) of underreported inflation it should be almost twice that.