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The Other Crisis Facing the American Middle Class

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Casey B. Mulligan, PhD, is a Professor in Economics at the University of Chicago. Previously, he served as Chief Economist of the White House Council of Economic Advisers and as a visiting professor teaching public economics at Harvard University, Clemson University, and the Irving B. Harris Graduate School of Public Policy Studies at the University of Chicago. His research covers capital and labor taxation, the gender wage gap, health economics, Social Security, voting and the economics of aging.

With the perilous state of the U.S. economy and looming threat of a recession at some point over the next year, the American Middle Class finds itself in a historically vulnerable financial position. But while the threat of hard economic times is by now obvious, Middle Class Americans are also facing a hidden health crisis that isn’t making headlines.

“Under the radar” is how Casey Mulligan, former Chief Economist for the Council of Economic Advisors under President Trump, described the alarming rise in health issues for Middle Class Americans in an interview with AMAC Newsline. While the media largely ignores the problem, the numbers tell an alarming story.

“People’s health is in bad shape by the standards of, I’d say, three years ago,” he said. According to data that goes through the end of 2021, Mulligan explained, the nation has suffered from “an abnormally high rate of death from motor vehicle accidents, from homicide, from diabetes, heart [disease], stroke—that type of thing—drugs, alcohol. These are all abnormally high.”

The full article can be found at AMAC.us.

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