: The New York Times numbers are from the latest U.S. Statistical Abstract. What that has to do with making 100k a year---something only one-fifth of the Amerivan population can boast---is beyond me. (And Warren Beatty---seriously!)
What is has to do with it is to demonstrate the pointlessness of measuring poverty relative to wealth.
: And you must have passed on reality. When markets crash, entire life savings are lost. And contrary to current neoliberal propaganda, crashes do not always rebound immediately. Ever heard of 1929---or was that just some commie plot?
If that market gets back to previous levels within a few years then it is a recovery. If the federal reserve and successive governments conspire in a mixture of intent and incompetence to slow any recovery down then we can thank them.