President Donald Trump’s sweeping tariff regime is already reshaping global trade and spiking government customs revenue. But these historic import taxes could also push more Americans into poverty, according to new research.
An analysis published by The Budget Lab at Yale on Tuesday finds Trump’s tariff hikes will likely increase the number of Americans living in poverty by 875,000 in 2026. This increase includes an additional 375,000 children in poverty.
1 million is a faction of what the reality will be. There are roughly 320 million people, 1 million people is about 0.003% of the population.
As of late 2024 it was estimated that between 57% and 73% of people were living paycheck to paycheck.
Let’s go with 57% and cut it roughly in half to be conservative and go with 28% of people being one missed paycheck away from losing everything.
28% of 320 million is about 90 million.
That “1 million” estimate is off by several orders of magnitude on the low end.
It’s more like 0.3%, but I fear your assessment regarding the estimate being off will become reality.
Shit, yeah I fucked up somewhere on the calculator 🤷♂️
You said 1/320 = .003125. Then said that as a per-cent meaning per 100 which means /100
Aka .3125 per 100 is .003125 The decimal shifts 2 to the left.
Our language has a lot of clues people forget about when doing math.
What is a cent, a penny. 100 [per]cents = $1 Many people I know forget how many quarts are in a gallon. Quart[er], 1/4… 4 in a dollar, 4 in a gallon I always love when I can find stupid things that help me remember how to navigate our stupid measurements.
Beer: 1 barrel, 1/2 barrell is a standard keg, 1/4 or 1/6 is a pony keg… Why, fuck if I know
I also went immediately to my calculator to double check that number because 1/320 seemed a lot larger than 0.003%
Yah, it’s the difference between 1/320 and 1/320%
#verizonmath
https://xkcd.com/verizon/ ?
More the original reference than the XKCD, but yes.
Back to the calculator!