Those without a job or a pension (or an inheritance) are totally screwed. Republicans have been cutting everything from unemployment benefits to food stamps to Medicaid — and want to cut Medicare and Social Security benefits for retirement and disability too. And they want to cut wages and/or offshore jobs for their corporate sponsors too. We're damned if we do and damned if we don't --- find a job (preferably one paying a living wage).
And voters with jobs always seem to vote for politicians to cut these programs for people without jobs, not realizing that there is a very good chance that they too will one day need these benefits for themselves (many, if not sooner rather than later.)
Many homeless people in Los Angeles could die this year because they refuse to leave their living quarters near storm drains. New York City also struggles with homelessness (in a town where multi-million penthouses remain vacant most of the year.)
The GOP is always saying we're living longer, and why we should raise the age for Social Security retirement to 70 (even though it's the rich who are mostly living longer). For the Republicans, it's almost as if life is the most precious thing in the whole Universe at the exact moment of conception; but the very second someone is born, they are left all on their own to fend for themselves for the next 70 years.
We've learned since the Great Recession that anybody over 50 is screwed when looking for a new job — so there is already a very long window (20 years) of economic insecurity for many older workers in the United States. (That's assuming one is lucky enough to be healthy and employed while earning a living wage to survive on for the first 50 years).
Add to that, a new study shows: "White, middle-aged Americans are dying at a rising rate, a startling reversal that suggests addiction and mental-health issues are setting back decades of gains in longevity. Suicide, alcohol abuse, drug overdoses and chronic liver diseases largely drove the rise, which occurred between 1999 and 2013. Economic stress may play a role in substance abuse by middle-aged white people".
- Washington Post: "A group of middle-aged whites in the U.S. is dying at a startling rate."
- Wall Street Journal: "The Death Rate is rising for middle-aged whites."
Many people are reaching midlife short of a cornerstone of the American dream: making more money than their parents did. Average hourly wages in real terms have been stagnate for decades. Median real household income for whites with a high-school education have fallen since the late 1990s. (Economic Policy Institute: "Wages for top earners soared in 2014. Fly top 0.1 percent, fly!")
Quote of the Day: "Americans must understand that when some talk about entitlements, they mean you are not entitled, but they are."
Are we headed for another recession?
Factory Orders Comes Crashing the Economic Party
Q3 GDP A Not So Hot 1.5%