When a flood of people start emailing me the same article, I know something is afoot. That is the case with Michael W. Green’s “The Valley of Death: Why $100,000 is the New Poverty,” which was recently adapted from his Substack and published in The Free Press. Green’s core argument is that participating in the basics of American life costs much more than it used to, and as a result, we should set a new poverty line: up from about $32,000 a year for a family of four with two kids, to $140,000 a year.
Fortunately for us, this is all wrong. The underlying concepts are wrong, the details are wrong, and the use of evidence is misguided. There are genuine concerns about affordability in the United States, but the analysis in this article is not a good way to understand them.
