Why the Economy Feels Strong and Broken at the Same Time | Michael Green

What does it cost to raise a family in the US economy? Official poverty thresholds rely on economic indicators like CPI, but measuring poverty this way often misses the true cost of living families face as inflation drives real financial hardship.

In this episode, we sit down with Michael Green to examine how poverty is currently measured in the US economy. He shares his research on the true cost of living for low-income families, suggesting it may exceed $100,000 annually for a family of four. The conversation explores broader social issues, the limits of traditional economic indicators, and what this means for effective social policy.

02:33 - Inequality and Online Mocking
05:26 - Benefit Cliffs & Family Traps
07:31 - Inflation, CPI, and Struggling Households
10:51 - Student Loans & Vocational Degrees
14:34 - Real Poverty Line: $140k
18:48 - CPI Limits & Financial Gaslighting
24:01 - Life Windows & Family Economics
27:18 - Policy: Earned Income Credit
29:41 - Advice for Struggling Families
32:00 - Credit, Debt, and Root Causes

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Tags: #useconomy #inflation #cpi #poverty