Robert Reich Formal U.S Secretary Term Paper

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Thirdly, health care costs were rising. "The number of people without any health insurance climbed to 15.9% in 2005 from 14.2% in 2000, and the share of people with employer-provided health insurance dropped to 59.5% from 63.6% over the same period, according to the Census Bureau data released in 2006. The number of uninsured Americans is now the highest since 1998" (Middle Class in Turmoil).

Finally, the debts were rapidly increasing. "The increase of debt relative to income averaged 1.3 percentage points per quarter from March 2001 through March 2006, compared to an average increase of 0.4 percentage points from December 1995 through March 2001.[.

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..]Middle class families' financial wealth declined in inflation-adjusted dollars by 9.2% from 2001 to 2004, and the share of households with positive financial wealth declined by 6.1 percentage points from 52.0% in 2001 to 45.9% in 2004, the smallest share ever recorded" (Middle Class in Turmoil).

It seems that the state just couldn't restore the middle class economical situation as it used to be in the past. Due to the harsh current state of affairs, these families are exposed to risks brought in by unemployment or medical emergencies. Yet, after November, the minimal federally mandated.....

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"Robert Reich Formal U S Secretary" (2006, December 11) Retrieved May 20, 2025, from
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