U.S. Lags Behind Many Rich Countries

[applegrove]

U.S. Lags Behind Many Rich Countries

July 2, 2020 at 7:43 am EDT By Taegan Goddard Leave a Comment

https://politicalwire.com/2020/07/02/u-s-lags-behind-many-rich-countries/

"SNIP......

“The United States is different. In nearly every other high-income country, people have both become richer over the last three decades and been able to enjoy substantially longer lifespans,” the New York Times reports.

“But not in the United States. Even as average incomes have risen, much of the economic gains have gone to the affluent — and life expectancy has risen only three years since 1990. There is no other developed country that has suffered such a stark slowdown in lifespans.”

“Why has this happened? There are multiple causes. But one big one is a lack of political power among the bulk of the population.”

......SNIP"

[raging moderate]

1. Actually, didn't life expectancy go down a few years for some?

I think I read, a few years ago, that average life expectancy had actually gone down a little for rural working class women?

[sop]

2. If we were actually a "rich country" the top 1% wouldn't have more wealth than the bottom 80%.

If a country's wealth is measured by how well the Stock Market is doing and the number of multi, multi-billionaires in control of the economy, then I guess America is a "rich country"...on average. It's like putting Jeff Bezos in a room with 99 homeless people, then concluding the average wealth of everyone in that room is in excess of billion dollars.