💡Concerned today’s economy is leaving households behind? Get a free portfolio review with Wealthion’s endorsed financial advisors: https://bit.ly/4aK8GW9
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portfolio manager and chief strategist at Simplify Asset Management, explains why the official poverty line is decades out of date, how benefit cliffs and rising price levels trap households above the poverty threshold, and why families making up to $140,000 can still feel like they’re in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
If you’ve seen debates about the modern poverty line, the $140K poverty threshold, or Michael Green’s viral Substack, this interview provides the full economic context behind the headlines.
This is part 1 of a 2-part interview with Michael Green. Watch part 2 here: https://youtu.be/GXL2FyhfgK8
💡Still feel “underwater” even as inflation cools? Protect your purchasing power with physical gold & silver through Hard Assets Alliance: https://www.hardassetsalliance.com/?aff=WTH
