“...households earning under $100,000...”
How is it that taking in $100k is poverty?
>> households earning under $100,000... CEO Scott Boatwright said
getting that financial data from the credit card companies?
I recall justified privacy complaints against the govt from many years ago — I felt everything there is to know about me can be surmised from my credit cards.
I make far less, and I still eat out a fair amount, but not at Chipotle.
$100,000 is slightly more than perhaps $20,000 was nearly 50 years ago. I was paid $18,500 a year as a new Engineer back in 1978. I understand now new engineers if they can find a job are starting at $65,000 a year. That is far less than the inflation adjusted amount that I began working for. Wages in this country are being compressed and more and more money is going to the corner office the Board Room and profits. That is why chipotle is only an expense account lunch stop. It is also why a vast majority of the wealth in this country is concentrated in a minuscule minority of the people.
People on govt assistance make that much with all their benefits. In big cities it’s not a lot of money..
“How is it that taking in $100k is poverty?”
Dang it, I’m poor! And I didn’t know it...