USA: Shredding of Social Safety Archives

NOVANEWS "None of this is a bug. These are features of an economy that transfers massive wealth to the very top, by hollowing out the middle class." by: Julia Conley Bankruptcy rates among Americans 65 and older have gone up in recent years, with three times as many older Americans filing between 2013 and 2016 as in 1991. (Photo: Spencer Platt/Getty Images) A study of rising bankruptcy rates among older Americans places blame squarely at the feet of a hollowed-out safety net and policy changes that have left people without adequate retirement savings, paying huge out-of-pocket medical expenses, and seeing their funds dwindle due to the student loan crisis that many people mistakenly believe affects only younger generations. When comparing the rate of bankruptcy ...