1 big thing
Why middle-class Americans are saddled with the most medical debt
Aug 22, 2023
The podcast explores the reasons why middle-class Americans have the highest rates of medical debt. It discusses the impact of medical debt on access to healthcare and the teacher shortage in America. The ongoing shortage of school bus drivers and the retirement of the voice actor behind Super Mario are also explored. Finally, the podcast discusses the summer of nostalgia and changes in the gaming world.
10:45
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Quick takeaways
- Almost 25% of middle-class Americans have unpaid medical bills, highlighting the higher rates of medical debt within this income bracket.
- The prevalence of medical debt among middle-class and lower-income Americans leads to healthcare decisions being influenced by financial concerns and can result in worse health outcomes.
Deep dives
Middle-Class Americans Have High Rates of Medical Debt
According to a new report, nearly one in four middle-class Americans, earning between $50,000 to $100,000 a year, have unpaid medical bills. This group has higher rates of medical debt compared to those with lower incomes. The report also reveals disparities within the middle class, with younger people more likely to have debt, and black and Hispanic middle-class individuals more likely to have medical debt than their white counterparts.
