What does it take to be poor in America?
The federal poverty line says it’s $31,200 for a family of four. If that threshold sounds like a joke, it’s because the government measures poverty using economic data from the 1950s. This guarantees a massive undercount of poor Americans.
Recently, a hedge fund guy manager applied the government’s formula to current economic data. The real poverty threshold he found is so high it would reclassify most of the American middle class as poor. Tune in to find out why.
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Mike Green: My Life is a Lie:
https://www.yesigiveafig.com/p/part-1-my-life-is-a-lie
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📺Essential Videos 📺
Is Home Ownership Being Sunsetted? 👉 https://youtu.be/B2tJZ9wTxKw?si=roRCJTBqijHsuj4U
The $500bn AI Ponzi Scheme 👉 https://www.youtube.com/watch?v=2RJi_GZGuf0
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– TIMESTAMPS –
0:00 Intro
1:04 Background
4:18 The Cost of Participation
9:34 Green’s Survival Budget
15:26 Green’s Valley of Death
18:20 Asset Inflation and the Cost of Existence
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading stocks poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#US #Economy #inequality