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Tuesday, October 17, 2017

$23K? So What ...

The high point reached today by the Dow - Jones Industrial Average means little or nothing to the working class or to the working poor.

An annual income of $32,718.00 puts a family of four at 133% of the Federal poverty level, and makes that family eligible for SNAP and LIHEAP benefits.  But such income leaves little if anything to invest, since as much as $36,900.can be needed to sustain that family.

Mr. Trump might equate the performance of the stock market with material success overall, but Bodhi doesn't buy it.

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