The band were speaking to BBC Radio 1 prior to recording a version of the 1995 single for the Live Lounge.
Singer Gerard Way said: “This [‘Common People’] is a song that, growing up in New Jersey, it was very important to me and Mikey [Way]. It was very relevant to us, feeling like you were in a place you could never get out of, that you were never going to escape.”
He added: “I remember pushing carts at a supermarket listening to this song on headphones on a cassette player and wondering whether the hell I was ever going to get out of New Jersey.”
He also stated: “It [‘Common People’] speaks to regular people and that’s why it’s so great. And they’re an amazing band.”
Scroll down and click below to watch the Live Lounge recording.