Comment: Consumer income fell, yet health care spending rose 11.3 percent. So, people who are hurting, earning less, were forced to spend more on health care. Thanks Obamacare!
“While the majority of incomes fell, consumer spending, which accounts for about two-thirds of US economic activity, rose 1.0 percent on average.”
“The largest increase was an 11.3 percent rise in healthcare spending, which has climbed every year since 1996, to an average of $3,919.”
Except for rich, Americans’ incomes fell last year
April 2, 2015