Tuesday, July 23, 2013

Poverty, middle class and the cost of living. . .

This just in from The Huffington Post:
The Economic Policy Institute has just updated their cost-of-living budgets to reflect how much a family needs to earn to get by in 2013.
Looking at over 600 locations and estimating community-specific costs, EPI found that families need more than twice the amount of the federal poverty line to have a secure yet modest living standard.
"Our family budget calculations show that the real costs for families to live modest -- not even middle class -- lives are much higher than conventional estimates show and virtually impossible for families living on minimum-wage jobs," said Elise Gould, the Economic Policy Institute director of health policy research.
Read more here.

1 comment:

Anonymous said...

Tell Mr.Britt to check out Bill O'Reilly's talking points of yesterday. Also, the Black community needs new role models, Sharpton snd Jackson are an embarrassment.