Unemployable New Data Proves The Average Australian Is Not Middle Class Anymore But Instead Poor…
26 snips
Dec 4, 2025 Explore the unsettling shift in Australia as the middle class fades, revealing a landscape where many now define poverty differently. The discussion dives into cultural identity, political shifts, and the rising costs of living impacting everyday Australians. From the concept of a 'Valley of Death' for the middle class to the K-shaped economy's consequences, the conversation is rich with insights on entrepreneurship and future strategies like Bitcoin. Discover how grassroots voices are shaping political discourse and what it takes to rise above today's economic challenges.
AI Snips
Chapters
Books
Transcript
Episode notes
1963 Poverty Metric Is Misleading Today
- The poverty measure was set in 1963 when household structures and expenses were very different.
- Modern essentials (childcare, healthcare, connectivity) make that old metric misleading for today's participation needs.
Middle Class Is A Trapped Valley
- The historical poverty line (3x food costs) is outdated because housing, healthcare and childcare have risen far faster than CPI.
- Mike Green's recalculation implies many 'middle class' households are trapped in a new poverty valley between participation and wealth.
The 'Valley Of Death' Income Band
- In Australia the estimated 'valley of death' runs roughly from $52,000 to $185,000 household income.
- That band contains a large share of voters who feel stuck and resent both the poor and the very rich.
