loseyourname
Staff Emeritus
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SOS2008 said:Thank you -- it gets confusing what member posted where.
I think it would be hard to support a family of four on $19,311 even if you had no luxuries (though some things like a telephone are no longer considered a luxury), especially if you don't have medical benefits.
On August 30th the Census Bureau released new data on the income, poverty and health insurance coverage in the U.S. It found that 45.8 million people were uninsured in 2004, an increase of 800,000 people since 2003.
There is somewhat of a weakness in the calculations. Food took up a much greater percentage of expenditures in the 50s than it does today. I think they figure that some people are undercounted, some are overcounted (for many other reasons) and it evens out somewhere to give somewhat of an accurate picture. Whether or not that is true, well, I don't know. Statistics can only get us so far.