Affordability Crisis: Real Poverty Line at $140K

Michael Green, a chief strategist and portfolio manager, challenges traditional economic measures, arguing they dont reflect the true cost of living. He highlights that households earning six figures are struggling, with housing, healthcare, childcare, and transportation costs skyrocketing. Green introduces The Valley of Death, where incomes stagnate despite increasing costs, leading to a sense of being cannibalized by the system. He suggests the real poverty line is closer to $140,000, not the current $31,200, explaining why high earners feel theyre barely keeping afloat.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.