Percent of children who end up in poverty as adults:
Born to married parents 8%
Born to unmarried parents 27%
Doesn't this at least suggest a way to reduce poverty?
Percent of children who end up in poverty as adults:
Born to married parents 8%
Born to unmarried parents 27%
Doesn't this at least suggest a way to reduce poverty?
Mark Perry highlights the difference between the costs of healthcare that is paid for by third parties (Medicare, Medicaid, Private Insurance) and those paid for by the individuals receiving the services.
Hospital services up 208% in ten years versus an average of 37% for services that you have to pay for yourself. Because the percentage of procedures that are third-party paid has risen dramatically, overall costs have increased.
People are just more careful about how they spend their own money than how they spend other people's money.
Sometimes it's helpful to get a little historical perspective on things when you're in the middle of what you think is a crisis.