One analysis suggests that modern budgets push the effective poverty line far above official levels, revealing why many six-figure earners still feel financially strained.

A federal bill that would raise the poverty line to better reflect modern costs was reintroduced by U.S. Rep. Kevin Mullin, D-South San Francisco, according to his office. Mullin first introduced the ...

A Wall Street portfolio manager has gone viral with a blog post that posits a new poverty line for a family of four in America: $140,000 a year. It’s a large number. The Federal Poverty Level set by ...

Wall Street strategist Michael Green caused a stir on social media last week with his outlandish claim that the federal poverty line should be raised to cover individuals earning as much as $140,000 ...

The idea that a family earning six figures could still feel poor sounds absurd until you start tallying rent, child care, ...