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Benzinga
Benzinga
Business
Stjepan Kalinic

REVEALED: Six figures is the new poor the benchmark that lied to america | Rare Historical Photos

Senate Bill Hits Poorer Households Harder Than House Version: Yale

Now and then, you stumble upon a metric so obviously broken that it forces you to re-evaluate everything you thought you knew about how America works.

The latest in a line of such relics is the poverty line. This benchmark, which determines who's "poor," who gets benefits, and who supposedly counts as "middle class," is based on a formula from the early 1960s.

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