Cluck U wrote:kalm wrote:
So consumption and income cancel each other out while the cost of higher education and health insurance have skyrocketed.

The cost of higher education should be excluded from this conversation. It has been artificially inflated for many reasons that would make both Libs and Cons blush if they had any morals.
As far the increased cost of health insurance goes...what are we getting for our money? It used to be that cancer killed you...now many people can be saved by early detection and chemo/radiation treatment. Have a different problem? Well, now you can take a pill...or several of them...or have an operation that might not have been available 20 years ago. High blood pressure? Take a series of pills and live (or develop other complications..or die), or live (or die) with it the old way.
I remember Aspergum...WTF happend to that stuff?
Anyway, medicine isn't what it used to be...and who pays for those advances....should that be free?
True, to a certain extent. I had the same cancer in the late 1990's that my cousin had in the early 80's. He was hospitalized for 80 days with it, I had outpatient surgery and a few radiation treatments. Then again, he was in the Airforce so his treatment ultimately cost the tax payers. 80 days in the hospital now would bankrupt many people even with insurance.
It's a complicated issue for sure and while I agree with JSO on being better off materially that's not the only measure. We have spent our way via the government to maintain or increase that standard of living and, prior to the crash, the middle class was doing it through private debt as well. Now, the middle class is shrinking.
A study this week out of Stanford University shows that only around 44 percent of families in America live in what the country considers middle-income neighborhoods, down from the 1970 statistic of 65 percent. At the same time, while only 15 percent of the country was grouped into either the lower- or upper-class four decades ago, that proportion has more than doubles with a third of America now in either end of the spectrum.
http://rt.com/usa/news/america-class-study-middle-521/" onclick="window.open(this.href);return false;
