Where The Real Poverty Line Is - Why Lower Inflation Isn’t Fixing The Cost Of Living
Image Source: Unsplash
Michael Green’s Substack article “My Life Is a Lie” has gone viral for challenging how the federal government defines the poverty line and why that definition no longer reflects reality in 2025.
In this conversation, Michael Green, portfolio manager and chief strategist at Simplify Asset Management, explains why the official poverty line is decades out of date, how benefit cliffs and rising price levels trap households above the poverty threshold, and why families making up to $140,000 can still feel like they’re in a financially precarious position.
He breaks down:
- Why lower inflation doesn’t mean lower living costs
- How CPI and poverty line calculations miss real household cash flow
- Why growth in AI and data centers isn’t reaching most people
- And why millions feel “already underwater” despite positive economic data
Video Length: 00:24:53
More By This Author:
As Debt Grows, Precious Metals Will Keep Gaining GroundBitcoin Has Already Won - Innovation, AI & The Next 14-Year Tech Boom
Gold & Silver Are Surging Because The Stock And Bond Markets Are Lying
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
