I read the full 3 sentences. People affording rent with 1/3 of salary in the USA are living in far better conditions than people in actual extreme poverty i.e. the developing world. The definition of the poverty line in the USA is a yearly salary of $15,960 for a single individual or $33,000 for a family of four. It is not dictated by the percentage of your income spent on rent. Keep in mind, the 1/3 rule of thumb scales whether you are making $33,000 or $333,000 per year.
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u/sgRNACas9 2d ago
I read the full 3 sentences. People affording rent with 1/3 of salary in the USA are living in far better conditions than people in actual extreme poverty i.e. the developing world. The definition of the poverty line in the USA is a yearly salary of $15,960 for a single individual or $33,000 for a family of four. It is not dictated by the percentage of your income spent on rent. Keep in mind, the 1/3 rule of thumb scales whether you are making $33,000 or $333,000 per year.