The David McWilliams Podcast The Great Affordability Lie?
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Dec 9, 2025 Explore why many feel poorer despite rising GDP figures. Discover how outdated metrics fail to capture the true cost of living, with families facing soaring rents and grocery prices. Unpack a staggering 40% gap between perceived poverty and actual expenses. Learn how these financial strains influence political landscapes and voter sentiments globally. Delve into how generational differences affect economic experiences and hear insights on the implications of multinational inflows on local economies.
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Michael Green's US Poverty Argument
- Michael Green's Substack argued US poverty measures from 1963 are outdated and omit modern costs like childcare and healthcare.
- He estimated many US families now need six-figure incomes just to participate in society.
Vibecession: When Vibes Trump GDP
- 'Vibecession' describes economies where headline numbers are strong but people feel awful.
- Perception of everyday costs drives political sentiment more than aggregate GDP figures.
Poverty Obliterates The Future
- Poverty shortens time horizons and destroys the ability to plan for the future.
- Lack of collateral and credit access traps people in cycles of short-term borrowing and limited investment.
