NEW YORK — It is rare for the quiet part to be said out loud on Fox Business, a network that typically measures the health of the American family by the performance of the S&P 500. But in a viral segment that has left social media reeling, the carefully curated illusion of the “Biden-Trump economy” cracked wide open.
In a segment on Making Money with Charles Payne, guest Mike Green, Chief Strategist at Simplify Asset Management, dropped a statistic that seemed to suck the air out of the studio: The “real” poverty line for a family of four in America—if you measure it by the ability to afford the middle-class basics of decades past—is no longer $31,000. It is $140,000.
The admission offered a stark validation of what millions of Americans have felt but have been told to ignore: …
NEW YORK — It is rare for the quiet part to be said out loud on Fox Business, a network that typically measures the health of the American family by the performance of the S&P 500. But in a viral segment that has left social media reeling, the carefully curated illusion of the “Biden-Trump economy” cracked wide open.
In a segment on Making Money with Charles Payne, guest Mike Green, Chief Strategist at Simplify Asset Management, dropped a statistic that seemed to suck the air out of the studio: The “real” poverty line for a family of four in America—if you measure it by the ability to afford the middle-class basics of decades past—is no longer $31,000. It is $140,000.
The admission offered a stark validation of what millions of Americans have felt but have been told to ignore: The American Dream is dead for anyone making under six figures.
Aesthetic Prosperity vs. Material Security
The segment highlighted a growing fracture in American economic discourse: the difference between “aesthetic prosperity” and “material security.”
For decades, conservative economic commentators have relied on a “flat-screen TV” definition of poverty. The argument goes that because low-income Americans own smartphones, refrigerators, and large televisions—technologies that were once luxuries—they are not truly poor. This definition, which hasn’t been meaningfully updated since the Johnson administration, suggests that cheap consumer goods are a substitute for financial stability.
Green’s $140,000 figure shatters this facade. While the price of electronics has plummeted, the cost of the “superstructure” of the 1950s middle-class life—housing, healthcare, childcare, and higher education—has skyrocketed.
The resulting picture is a working class that is “aesthetically” rich but materially destitute: able to afford a 4K streaming device, but unable to afford the home to put it in or the ambulance ride to the hospital.
The Nostalgia Trap
The viral clip has struck a particularly sensitive nerve regarding the political brand of Donald Trump. The President-elect’s appeal is heavily rooted in the nostalgia of the 1950s—an era of high home ownership, single-income households, and stable pensions.
However, as the Fox Business segment inadvertently highlighted, the economic policies championed by the modern right have spent forty years dismantling the very machinery that made that 1950s prosperity possible.
“You cannot have 1950s home ownership rates with 2025 corporate price gouging,” noted one economic analyst reacting to the clip. “Trump sells the aesthetics of the mid-century—the picket fence, the factory job—but his policies ensure the wealth concentration that makes that lifestyle mathematically impossible for the working class.”
The 1950s economy was built on high marginal tax rates, powerful unions, and strict corporate regulation—an economic superstructure that the current MAGA populist movement rails against, even as it promises the results that system produced.
A Mathematical Reality Check
The silence from host Charles Payne following Green’s assessment was palpable. It represented a collision between market optimism and material reality. To admit that $140,000 is the threshold for a stable life is to admit that the vast majority of the American working class has been crushed by the system they are told to celebrate.
In 2025, the median household income hovers well below that six-figure threshold. If Green’s numbers hold true, it implies that the “middle class” is no longer the median experience of the American citizen, but an upper-income luxury reserved for the top 15-20% of earners.
As the clip circulates, it serves as a grim receipt for the American electorate: The cheap TVs were a consolation prize for the loss of the American Dream.