cross-posted from: https://lemmit.online/post/3922769
This is an automated archive made by the Lemmit Bot.
The original was posted on /r/linustechtips by /u/RevolutionaryAd8204 on 2024-09-14 15:50:43+00:00.
I don’t remember exactly, but some relative poverty lines start at 60% of median household income.
- £700 / (£32,400 * .6 / 12) ≈ .43, thus 43% of monthly income for a poor household in the UK
- $700 / ($74,580 * .6 / 12) ≈ .19, thus 19% of monthly income for a poor household in the US
I hope median household income is netto, otherwise this is skewed.