An article in Washington Post from Paul, — sorry, Robert Samuelson. Lots of good facts, but published under “Opinion”, as it probably should be. I like Samuelson’s articles but I’m not so sure about some of his conclusions. For instance, expensive healthcare is great for the people that work in that field. He also doesn’t say much about the causes or possible solutions. I have to add, I used to confuse Robert Samuelson with Nobel prize winning economist Paul Samuelson. I guess I still do sometimes. Anyway, the upshot is that Americans are spending more and more on healthcare, and that isn’t counted in lots of economic stats. It would seem to be a very large chunk of middle class decline in the last few decades. Not then only cause, though.
Yes, Americans are feeling the squeeze. It’s coming from health care.