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Social Issues

What Killed The US Consumer, In One Chart

Once again, a topic we have beaten to death over the past several years, namely that US consumers spending on discretionary items has collapsed for the simple reason simply because these same consumers are forced to spend much more on staples such as housing (or since nobody can afford houses anymore, on rent) and health insurance (thanks Obamacare), has made it into the sellside, in this case the latest Greed and Fear report by CLSA's Chris Wood.

"The Great White Hope"

Submitted by Patrick Buchanan via Buchanan.org,

“Something startling is happening to middle-aged white Americans. Unlike every other age group, unlike every other racial and ethnic group … death rates in this group have been rising, not falling.”

The big new killers of middle-aged white folks? Alcoholic liver disease, overdoses of heroin and opioids, and suicides. So wrote Gina Kolata in The New York Times of a stunning study by the husband-wife team of Nobel laureate Angus Deaton and Anne Case.

The Death of Working-Class America

“Something startling is happening to middle-aged white Americans. Unlike every other age group, unlike every other racial and ethnic group … death rates in this group have been rising, not falling.”

The big new killers of middle-aged white folks? Alcoholic liver disease, overdoses of heroin and opioids, and suicides. So wrote Gina Kolata in the New York Times of a stunning study by the husband-wife team of Nobel laureate Angus Deaton and Anne Case.

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