Middle class risks consuming itself

Americans are increasingly anxious about the costs of services such as health care and education. But these are the very same industries that increasingly sustain the middle class. Resolving this paradox is the key to creating the economy of the future.

It’s not much of a surprise to note that prices for most physical goods have dropped, but the cost of big-ticket services have become much higher.

As health care absorbs an ever-larger share of national income, many want the government to take over. Soaring tuition has spurred calls for free public college. Child care seems to have similar issues. These […]

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