zzcooper123 wrote:Very interesting lecture by an attorney, saw it originally on satellite TV. Why are two earner families not making any financial headway? Reason: big mortgages from big houses and cost of healthcare. Fascinating lecture.....a walk through the Economics of the last 30 years in America.
I did not watch the video but it sounds like it's proving my theory. That most people (NOT DIEHARDS!) and most governments whizz away all or most of their money. So sending the second spouse to work doesn't really improve their situation, just allows them to accumulate more things.
'more things' translates in this case as the rise in the cost of middle class homes in decent neighbourhoods, and in the cost of health care and health insurance.
That is what the video is saying (since you didn't watch it).
On the cost of middle class homes, what has been driving that (particularly in the coastal cities) is ever tighter zoning. You couldn't build Levittown or its equivalents now (affordable decent housing for former GIs and their family).
As to rising healthcare costs I agree that our system is a mess and terribly wasteful. But the truth is that healthcare of 2008 is certainly many times better than the healthcare of 1970, so you are almost comparing apples to oranges. My "large frame" paternal grandfather died in 1958 of his second heart attack at age 48, because there was no real treatment after the first one. 2 of his 3 brothers were also dead before age 50 from heart disease. My similarly-built father, however, had bypass 12 years ago and is now a fairly healthy/active age 73 and is making good on his promise to livelong enough to make me crazy
I agree healthcare is undoubtedly better.
'many times?' -- depends on what condition you have. Cancer or heart probably yes, others perhaps no (depends on type of cancer).
However it has also risen to 15% of US GDP from c. 5%, which does imply the real cost has risen.