It doesn’t include the 11% who meet the definition of poverty. Based on the definition on the ALICE page, it’s 29% of households above the poverty line who still can’t afford the basics. It doesn’t include people with inadequate savings who are making ends meet, albeit paycheck to paycheck, but who aren’t trying to choose between rent/food/transportation and racking up credit card debt.
BoxerDevil@lemmy.world 4 months ago
That percentage seems low
candybrie@lemmy.world 4 months ago
TexasDrunk@lemmy.world 4 months ago
Way low. A fifth of people in the US have no emergency fund at all. A third have something squirreled away but not enough to cover 3 months of expenses. That’s half the country right there that’s living on the edge of ruin.
Sanctus@lemmy.world 4 months ago
I’d save if I could. But yeah this sums it up.
bjoern_tantau@swg-empire.de 4 months ago
The other 70 % are already in poverty.
Sir_Kevin@lemmy.dbzer0.com 4 months ago
Life is so much less stressful if you just embrace the poverty.