Minor: Given the examples depend on healthcare and childcare, people aged 65 and older (Medicare, outside average child raising age) fall outside this analysis, and currently a significant part of us population.
(And Medicare, even without additional supplements would have significantly better health outcomes than 1960s)
And if you take the average social security benefit being $48k per household/year, subtract those 2 expenses, either the $31k poverty line is way off or social security is way off
(And Medicare, even without additional supplements would have significantly better health outcomes than 1960s)
And if you take the average social security benefit being $48k per household/year, subtract those 2 expenses, either the $31k poverty line is way off or social security is way off