Study Shows Income Gap Between Rich and Poor Keeps Growing, With Deadly Effects
Excerpt from New York Times article, 9/10/19, by Lola Fadulu:
“The expanding gap between rich and poor is not only widening the gulf in incomes and wealth in America. It is helping the rich lead longer lives, while cutting short the lives of those who are struggling, according to a study released this week by the Government Accountability Office.
“Almost three-quarters of rich Americans who were in their 50s and 60s in 1992 were still alive in 2014. Just over half of poor Americans in their 50s and 60s in 1992 made it to 2014.
“’It’s not only that rich people are living longer but some people’s life expectancy is actually shrinking compared to their parents, for some groups of people,’ said Kathleen Romig, a senior policy analyst at the liberal Center on Budget and Policy Priorities.”
Read the full article here.