Sociology 101

My family of four living with a poverty level income of $1500 per month would be spending approximately $550 on renting out their half of a duplex. The utilities would be covered in that $550. We would then be spending another $450 on food. And then another $300 on car insurance and car payments. This would then leave my family and me at extra $200 a month. Over the course of one year the money would accumulate to $2400 which I deduct $700 for special occasions such as birthdays, Christmas, anniversaries, and so on. but this would still leave us with $1700 and in the case of a tragedy…