If you think you don't make enough money, you're probably right. A brand new study from California estimates that a Los Angeles-based family of four with both parents working needs $74,000 a year just to get by.
This estimate includes the cost of housing -- renting, not ownership -- food, transportation, and child care. This statistic does not include savings for college or even health insurance.
Once upon a time, $74,000 was a lot of money. It still is, if you're working for minimum wage. It would take five full-time minimum wage jobs to make that $74,000 a year.
The White House has complained that the SCHIP program could put health care for kids into the hands of people making -- hang on now -- up to $80,000 a year! That might sound outrageous if you live and work in the Washington bubble. But, it doesn't seem so crazy when you look at real life.
Sure, $70,000 or $80,000 is many times what is considered the official poverty level. But in real life, poor is what you feel when you can't afford health insurance.
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