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A Wall Street Economist Argues the Real U.S. Poverty Line Is $140,000. His Math Is Hard to Ignore.
Most Americans assume they know what poverty looks like. A number set by the federal government tells us who qualifies and who doesn’t, who gets help and who gets told they’re doing fine. For decades, that number has gone largely unquestioned. But what if it was never designed to measure what we think it measures?…