To any of the 50 million Americans currently living in poverty, an annual household income of $400,000 probably sounds like a dream come true. Even to the millions of people among the rapidly-disappearing middle class, that kind of money sounds cushy.
Not so fast, proclaims The Wall Street Journal. The WSJ lays out the case for why a family iving on salaries totaling $400,000 — almost 10 times the city’s median annual household income — could actually “just barely be getting by.”
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