I mean no offense, but I don’t think this is true.
I don’t think anyone who makes $200,000 a year is considered poor under legal definitions or under the casual common use of the term.
You could make $200k and be in debt. You could make $200k and be in a precarious situation. But I don’t think you can make $200k and qualify as in poverty, either legally or in the court of public opinion.
Licensed childcare runs between $2500 and $4000 per month per child here in the Bay Area; $200k salary is about $150k after tax. Doesn’t take a terribly big family to totally exhaust that amount if both parents need to work to bring it in.
In some parts of america with a larger family, yes.
I mean no offense, but I don’t think this is true.
I don’t think anyone who makes $200,000 a year is considered poor under legal definitions or under the casual common use of the term.
You could make $200k and be in debt. You could make $200k and be in a precarious situation. But I don’t think you can make $200k and qualify as in poverty, either legally or in the court of public opinion.
Looking at you, San Francisco. .
$200k is not poor in San Francisco.
It’s still significantly above average, even in San Francisco.
Licensed childcare runs between $2500 and $4000 per month per child here in the Bay Area; $200k salary is about $150k after tax. Doesn’t take a terribly big family to totally exhaust that amount if both parents need to work to bring it in.
I’m not saying that you can’t run out of money if you make $200k. I’m saying that it’s not poor.
If earning well above average in an area with a high concentration of high earners can be poor, the word means nothing.