Poverty rate highest in years, yet it is richer to be poor

I know it sounds crazy, but when I heard that the poverty rate had hit new heights, I recalled an old post of mine. By the time one adds up all the entitlements, one is better off not being in the Middle Class. Here we go:

In Entitlement America, The Head Of A Household Of Four Making Minimum Wage Has More Disposable Income Than A Family Making $60,000 A Year

 You can do as well working one week a month at minimum wage as you can working $60,000-a-year, full-time, high-stress job.

Amid a still struggling economy, more people in America fell below the poverty line last year, according to new census data released Tuesday.

About 46.2 million people are now considered in poverty, 2.6 million more than last year.

The government defines the poverty line as income of $22,314 a year for a family of four and $11,139 for an individual. The Office of Management and Budget updates the poverty line each year to account for inflation. Finance Yahoo

Earlier Post: One parent of three making $14,000 a year has mmore disposable income than a family making $60,000 a year

Emmerich analyzes disposable income and economic benefits among several key income classes and comes to the stunning (and verifiable) conclusion 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.” And that excludes benefits from Supplemental Security Income disability checks. America is now a country which punishes those middle-class people who not only try to work hard, but avoid scamming the system.

Please click on chart for missing fourth column on right below:

The chart below tells the story. It is pretty much self-explanatory.