Posts Tagged ‘David F. Ruccio’

Wealth and income inequality in the USA

September 2, 2016

wealth-share

These two charts, courtesy of Prof. David F. Ruccio, show the changing distribution of wealth and income in the USA.  Please keep in mind that while the chart below refers to the top 1 percent of income earners, the chart above refers to the top 1/100th of 1 percent of wealth holders.

wagesincomedistributiondownload2

(more…)

Health care costs and the U.S. middle class

September 2, 2016

Economics professor David Ruccio points out that, since the previous recession, the American middle class has been cutting back on spending—on everything except medical care.

healthcare.na-cl366_medspe_16u_20160825163913

The Affordable Care Act was supposed to not only make medical care more widely available, but to make it affordable.   This hasn’t happened.  I think this is partly due to opposition by Republican governors and congressional representatives, but largely due to flaws in the law itself.

It’s a well-known fact that we Americans pay more for medical care and get less benefit than citizens of any other industrial nation.

ftothealthexp_pc_usd_long-1

(more…)