Wage Gains Wiped Out By Health Care Cost Increases
The rising cost of healthcare premiums has erased any other gains in median household income and in fact is responsible for why household income in the U.S. has fallen by $5,000 over the past 12 years, reports the Milwaukee Journal Sentinel.
The U.S. Census Bureau said recently that median household income fell to $50,046 last year, down from $54,964 in 1999 after adjusting for inflation. A separate survey found that the cost of employer-paid health care insurance rose 160 percent over the same time period.
Economists
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