More than 60 percent of Americans in the middle class said they are “struggling financially” and do not expect things to turn around for the rest of their lives, according to a poll released Tuesda…
"65 percent of Americans who are considered “middle class,” earning above 200 percent of the federal poverty level (FPL), are in a financial struggle. "
That sounds more like a problem with the definition of the federal poverty level than it is a problem with the middle class.
If you’re struggling, you aren’t middle class.
Federal Poverty Level for 2024 is dependent on household size:
"65 percent of Americans who are considered “middle class,” earning above 200 percent of the federal poverty level (FPL), are in a financial struggle. "
That sounds more like a problem with the definition of the federal poverty level than it is a problem with the middle class.
If you’re struggling, you aren’t middle class.
Federal Poverty Level for 2024 is dependent on household size:
https://www.medicaidplanningassistance.org/federal-poverty-guidelines/
Oh, man, now I have to see if Lemmy can do tables… Hmmm nope!
Size - 100% - 200%
1 - $15,060 - $30,120
2 - $20,440 - $40,880
3 - $25,820 - $51,640
4 - $31,200 - $62,400
5 - $36,580 - $73,160
6 - $41,960 - $83,920
7 - $47,340 - $94,680
8 - $52,720 - $105,440
Each person over 8, add $5,380 - $10,760
So let’s take the prototypical nuclear family, 2 parents, 2 kids.
$62,400 is 200% poverty. I could see that being a struggle. I think maybe what we need is to re-define the poverty level.
Size - 100% - 200%
1 - $31,200 - $62,400
2 - $36,580 - $73,160
3 - $41,960 - $83,920
4 - $47,340 - $94,680
5 - $52,720 - $105,440
6 - $58,100 - $116,200
7 - $63,480 - $126,960
8 - $68,860 - $137,720
Each person over 8, add $5,380 - $10,760