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Story summary
- The poverty line for a family of four is about $31,200 under a 1960s formula.
- Experts argue that a realistic basic-survival threshold is between $140,000 and $150,000.
- Modern expenses such as housing, childcare, and healthcare drive the gap.
- Families earning $40,000 to $100,000 often lose benefits as income rises, trapping them in financial instability.
