Cheap TVs And Costly Health Care

Once in a while, a sentence or paragraph in the daily news seems to capture the truth.

“America is a place where luxuries are cheap and necessities costly. A big-screen TV costs much less than it does in Europe, but health care will sink you.”   — Joseph Cohen, Queens College, New York

Makes you wonder, why do so many Americans ridicule Europe, especially the European model of universal health care?

That paragraph is from a story in the April 27, 2014, edition of The Washington Post, under then byline of Carol Morello and Scott Clement. The headline is, “Less Dream, More Reality: America’s middle class is shrinking and is being squeezed by the pressures of diminishing opportunity, stagnant wages and rising expenses.”

The story follows a typical American family with two full-time wage earners and three children. They’re not exactly poor; they qualify as middle class. But as the story reports, they’re “masters at scrimping,” out of necessity.

As the headline says, it’s just a glimpse of reality. Makes me glad I still subscribe to a good daily newspaper.

— John Hayden

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Filed under Economy, Frugal living

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