Who has more disposable income–a minimum wage household or a $60k household?
November 23, 2010
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I was forwarded an article-about-an-article that shows that “a one-parent family of three making $14,500 a year (minimum wage) has more disposable income than a family making $60,000 a year.” Seemed unbelieveable, but the writer of the piece spelled it out very concisely.
In a nutshell, based on income, there are certain sources of financial assistance that are available to that minimum wage household that are not available to the $60k household–Food Stamps, Free Lunch, Medicaid/CHIP, and others. When the available programs are added in in terms of financial benefit to the family, and compared to what the $60k household would have to do for similar benefits, the lower income household has more money left over.
Just left out there with no discussion, I suspect this would prompt a couple of scathing responses. There will be those who will make it partisan and say something about conservatives attacking. Some will be offended because how dare ANYONE say anything negative about programs that benefit the poor! Still others will look at it as class warfare. Obviously, things could go in a number of different directions.
Anyway, the article: Entitlement America.