What if I told you that the poverty line shouldn't actually be at $31,000 a year. Instead, it should be at $140,000. That is the conclusion from a brand new piece from Mike Green.So, here's what he wrote. If we look at how the poverty line is actually calculated, the formula was developed by Molly Orch. And the whole idea was that she observed that families spent roughly onethird of their income on groceries.Since pricing data was hard to come by for most items, if you could calculate a minimum adequate foo ...

RT Nick Szabo (@NickSzabo4)@charlesmurray That said, such manufacturing jobs at such wages are now gone, and the service jobs pay far less as a proportion of housing costs -- even of entry level houses like these -- than in the 1950s. ...

More Australian retirees are renting than ever, as soaring housing costs and longer working lives expose the limits of the nation’s much-lauded pension system https://t.co/lp9n8HaRiF ...

Economic Disillusionment - Chinese youth embrace "xiexiu" (躺平, lying flat) indicating disillusionment with traditional paths [1] - A weak economy contributes to the sentiment of disillusionment [1] - Rising housing costs exacerbate the challenges faced by young adults [1] - Uncertain job prospects further fuel the desire to reject conventional norms [1] Social Impact - Young people are questioning the value of adhering to conventional expectations [1]

Housing Market Trends - High housing costs are prompting ex-spouses to take turns in the family home [1] - Financial viability exists, but establishing boundaries presents a challenge [1]

Market Trends - Rental prices declined for the 22nd consecutive month in May [1] - Reduced housing costs, driven by falling rental prices, could contribute to lower inflation readings [1]