The 1 percent now steal over 37 percent of total US income, up from 8 percent in 1980. They’ve been stealing their income by corrupting both major political parties, which control the federal and state, as well as most local governments. Wall Street Senators, such as Mitch McConnell and Ron Wyden, are notorious for pushing legislation that redistributes income from the 99 to the 1 percent.
This government created inequality has created an economy spiraling toward third world status, with only 50 percent of US adults considered middle class, down from 61 percent in 1970. Another by-product of this is that people are dying younger, but not if you are rich. A new study by Angus Deaton and Anne Case show the mortality rate for white males, ages 45 to 55, is increasing.
The author’s lay the blame straight at income inequality pursued by senator’s like McConnell and Wyden. So why only white males of this age? Why not white or Hispanic women? Why not younger white males? The answer is expectations.
White males of this age group could always count on getting decent jobs, such as in manufacturing, from the 1970s through the 1990s. They had jobs, and then millions of those jobs were exported, leaving millions of people in debt, and unable to find a suitable job replacement. This has led to financial and emotional distress, increasing suicides, alcohol use, drug use, eating excessively, and other methods of self-perceived alleviation.
Note below, that mortality rates for white males in this age group declined from 1979-1998. These three decades witnessed extraordinary job growth, which meant opportunity. The guys in the 45-54 age range were in their physical prime. While the rich were getting richer, their share of income rising from 8 to roughly 15 percent of the total national income, real wages, or the illusion thereof, rose for a few years of the late 1980s, and the late 1990s. Now those jobs and opportunities have declined in numbers.
The authors write:
Midlife increases in suicides and drug poisonings have been previously noted. However, that these upward trends were persistent and large enough to drive up midlife mortality has, to our knowledge, been overlooked. If the white mortality rate for ages 45−54 had held at their 1998 value, 96,000 deaths would have been avoided from 1999–2013, 7,000 in 2013 alone. If it had continued to decline at its previous (1979‒1998) rate, half a million deaths would have been avoided in the period 1999‒2013, comparable to lives lost in the US AIDS epidemic through mid-2015. Concurrent declines in self-reported health, mental health, and ability to work, increased reports of pain, and deteriorating measures of liver function all point to increasing midlife distress.
Click here for the full study.