71 The US Government uses economic data from the 1950's and a formula adopted in 1963 to determine the poverty level, when current economic data is used, the poverty line is an annual income below $140,000 per year (www.youtube.com) posted 153 days ago by RhodesianRidgeback 153 days ago by RhodesianRidgeback +71 / -0 11 comments share 11 comments share save hide report block hide replies
Sounds about right, mostly from urban housing, food and energy costs.
Stuff we don't need is way cheaper though, but we don't need it.