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0 pointsharryh10y ago0 comments

Probably the federal poverty level will be higher than $15,930 in 20 years. For reference, it grew by 59% in the last 20 years.

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fijal10y ago· 2 in thread

in real terms (inflation adjusted?) The change from 2014 to 2015 was 11670 -> 11770 so actually below inflation

harryhOP10y ago

Of course. But you were also talking in nominal (not inflation adjusted) returns when you said that 20 years of growth in Social Security income could fund a basic income.

You can inflation adjust neither or both sides of the equation but not just one which is what you were doing.

fijal10y ago

4% GDP growth year-on-year while a bit on the wishy side is not THAT optimistic of an assumption. On the other hand, 59% in 20 years of moving poverty line is essentially just accounting for the inflation. It's true that the budget is not inflation adjusted, but I think 3-4% GDP growth on average is achievable (3 would push the limit quite a few years in the future of course)

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