alt Hacker NewsIf you have negative net worth and the bank's money, not yours, is buying your food and housing, you are in abject poverty, just that the system is propping up your survival for a while.
A lot of the US looks like they're doing great but fits into the category above.
Non-poverty would look like:
* You make enough money to pay for your own food, housing, and transportation in full, with enough buffer for emergencies, without needing to borrow a cent
* You make enough money to be on trajectory to save up to pay for your own food, housing, transportation, and medical expenses in retirement when you are physically unable to serve the workforce
> You make enough money to pay for your own food, housing, and transportation in full, with enough buffer for emergencies, without needing to borrow a cent
So you're saying I'm in poverty because I couldn't buy my house and my car outright?
> and medical expenses in retirement
You're saying I'm in poverty because I understand and intend to use Medicare?
These are trivially poor definitions.