Ask HN: What would you do with $700 Billion?

Re:Ask HN: What would you do with $700 Billion? by Retric on Thursday September 25, 2008 @12:47PM (#315013)

Hey, I was working with a college degree for 3 years before I broke 50k. At the time I was investing 8% of my income and I was still eating out all the time etc.

I think the bar for poor needs to be a little lower than 50k/year.

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Re:Ask HN: What would you do with $700 Billion? by sfamiliar on Thursday September 25, 2008 @01:29PM (#315093)

Is a collage degree made up of other degrees that are cut apart and then pasted back together to form pretty pictures? (couldn't resist).

I wasn't shooting for the poor. I was shooting for a bunch of people. It's roughly half of the households in the country. That's a lot of liquid capital to inject into the economy at once -- around 5% of our GNP.

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Re:Ask HN: What would you do with $700 Billion? by HeyLaughingBoy on Thursday September 25, 2008 @01:19PM (#315078)

How many kids were you trying to support?

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Re:Ask HN: What would you do with $700 Billion? by gambling8nt on Thursday September 25, 2008 @06:03PM (#315487)

Family size for $50k to qualify under the federally mandated definition of poverty is 12.

In fact, $50k is approximately the median household income (for 2007), with mean household sizes in that income bracket at about 2.6.

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