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Mark's mutual fund is launching December 15, 2011. He is a self taught private investor who operates the website Fund My Mutual Fund (; a daily mix of market, economic, and stock specific commentary. Fascinated by the market since an early age, he discovered mutual... More
My company:
Paladin Funds
My blog:
Market Montage
  • 1 in 7 Americans Now in Poverty per Census 1 comment
    Sep 16, 2010 3:27 PM

    I wrote about this a year ago

    U.S. definition of povery for family of 4 is $22K income a year.

    Meaning if you make $26K for a family of four you are not in poverty. 

    So you can imagine what a hoax 1 in 7 is, when applied to the real world.  I'd consider most singles making $22K in poverty.

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  • TeresaE
    , contributor
    Comments (3041) | Send Message
    Just look at the numbers drawing Social Security Disability, every last one of them is "below" the poverty line.


    Look at the numbers on the food stamp program, number of kids getting free lunches at school.


    Exactly like in Argentina, the bottom is swallowing the middle and the top gains more wealth while knocking a strata down towards the middle and eventual bottom.


    Insanity and nothing is being done to actually fix it. More free bread and ciruses won't change a damn thing. Jobs, family supporting jobs for the masses is the ONLY thing that is going to reverse this alarming trend.
    17 Sep 2010, 01:03 PM Reply Like
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