Wall Street strategist explains today’s political rage with a poverty line that should be $140,000 and the ‘Valley of Death’ trapping people below it

(Credit: Getty Images)

The affordability crisis rippling through American politics saw voters dump Democrats for another Donald Trump presidency last year, while this year saw a democratic socialist elected as mayor of New York City.

That’s despite economic data showing cooler inflation, steady income gains, and resilient consumer spending.