u.s. poverty line

anonymous asked:

Do you know about what a gold dragon to U.S. dollars is? I saw the size of the income of a noble, and can't help but wonder how Westeros' 1% stacks up to ours.

Estimates vary wildly, depending on how you calculate it - do you go by comparable price of goods (one dragon = one horse = $5,000), do you go by the price of gold (around $300-500, depending on the purity and weight of a gold dragon), do you go by rough equivalent incomes (5 dragon is a decent working class income is roughly around $6,000 per dragon)? It gets even more complicated when you consider changes in costs and standards of living over time.

But, to do a bit of a quick and dirty calculation: Dunk estimates 3 dragons a year as a decent income for a smallfolk…with inflation over a hundred years say 5 gold a year by the time of ASOIAF. From estimates compiled of medieval English wages, I’d say the rough equivalent in pounds sterling is around 4 pounds a year, which converting from 1270 AD pounds to modern pounds and then from pounds to dollars works out to around $5,000 a year. This would give a rough figure of a dragon being worth about $1,000 today. 

So a good income for a smallfolk is less than half the U.S poverty line. Which means King Robert spent the equivalent of $90 million on the Hand’s Tourney. And that a household knight is probably earning the equivalent of $20-25,000 a year plus free room and board - which is around the salary of an experienced U.S Army Private.

These 11 States now have More People on Welfare than
they do Employed! Last month, the Senate Budget
Committee reports that in fiscal year 2012, between
food stamps, housing support, child care, Medicaid and
other benefits, the average U.S. Household below the
poverty line received $168.00 a day in government support.
What’s the problem with that much support? Well, the
median household income in America is just over $50,000,
which averages out to $137.13 a day. To put it another way,
being on welfare now pays the equivalent of $30.00 an hour for a 40-hour
week, while the average job pays $20.00 an hour.

usatoday.com
More children living in poverty now than during recession
A higher percentage of children live in poverty now than did during the Great Recession, according to a new report from the Annie E. Casey Foundation released Tuesday.

About 22% of children in the U.S. lived below the poverty line in 2013, compared with 18% in 2008, the foundation’s 2015 Kids Count Data Book reported. In 2013, the U.S. Department of Human and Health Service’s official poverty line was $23,624 for a family with two adults and two children.