Michael Green: Where the Real Poverty Line Is | Why Lower Inflation Isn’t Fixing the Cost of Living

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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portfolio manager and chief strategist at Simplify Asset Management, explains why the official poverty line is decades out of date, how benefit cliffs and rising price levels trap households above the poverty threshold, and why families making up to $140,000 can still feel like they’re in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

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