Consume Product

I apologize if I came off terribly argumentative, that wasn't my intention. I see what you mean I beleive. I would say, comparatively people aged 20 - 40 have much less wealth then previous generations. In terms of income it really depends. Living in LA making 50k a year is pretty rough. Living in middle Indiana is probably much nicer on 50k. The problem is it's become impossible for the middle class to exist due to unaffordable land/housing prices and a constant hike on the price of necessities. I never defined poor in terms of money but more in terms of money stress. I grew up where money was tight, but we never stressed because we just stayed in our means. Most people on America today are poor in the sense that they're over leveraged I would beleive. I beleive a lot of this is driven by the poor overall economic situation we're all in as well people's inability to tighten their belt.

To stab at that question:
Living in LA, making 50k per year, no car, 10k in credit card debt + any other debt is a solid example of a poor person.