The Most Medicated Country In The World: 46% Of Americans Have Taken A Pharmaceutical Drug Within The Last 30 Days

If it seems like about half the country is on drugs, that is because it is actually true. According to a new survey from the National Center for Health Statistics, almost half of all Americans have taken a pharmaceutical drug within the past 30 days, and that officially makes us “the most medicated country in the world”. And needless to say, those dealing these drugs are becoming exceedingly wealthy at our expense. The average American spends $1,200 a year on prescription drugs, but of course many Americans spend far more than that and others spend nothing at all. In recent years there has been a tremendous backlash against the big pharmaceutical corporations, because many of them have become exceedingly greedy. As you will see below, prices have been raised on 650 different drugs this year alone. Once they get their claws into you, the pharmaceutical giants want to get every last penny out of you that they possibly can.

Without a doubt, there are some pharmaceutical drugs that greatly help people. In fact, many people wouldn’t be alive today without them.

On the other hand, it has been estimated that Americans spend somewhere around $200 billion a year on drugs that they do not need, and this new survey from the National Center for Health Statistics discovered that 46 percent of all Americans have taken a prescription drug within the last 30 days

Nearly half of people in the US are taking prescription drugs, a new report reveals.

The National Center for Health Statistics surveyed people across the US, and found that about 46 percent of respondents had taken at least one prescription drug in the past month.

I am sorry, but there is no way that half the country needs to be hooked on drugs.

And for senior citizens that number is much higher. In fact, the survey found that a whopping 85 percent of Americans over the age of 60 are currently on at least one pharmaceutical drug.

For adults under the ago of 60, antidepressants are being taken more than anything else

For young adults antidepressants are king. According to the most recent numbers, 11.4 percent of 20- to 59-year-olds had taken a drug to help with their mood in the last month when they took the survey.

Could this help to explain why so many people are walking around like zombies these days?

And since nearly all mass shooters have been found to be on some kind of mind-altering drug, perhaps Congress should finally take some action in this area. It can be exceedingly difficult to get off these insidious drugs, and many that get hooked on them end up staying on them for the rest of their lives.

Of course antidepressants are just one part of the problem. For example, opioids are some of the most addictive drugs on the entire planet, and their overuse has destroyed countless lives all across America.

Like those that deal illegal drugs, once the big pharmaceutical companies have their hooks in you they are not afraid to take full advantage of it. And even though many Americans rely on life-saving drugs to literally stay alive, big pharma just keeps jacking up prices year after year after year. As I mentioned above, prices have been raised on 650 different medications this year alone

More than 650 products had price increases this year, through early February, according to Rx Savings Solutions, which sells software to employers and insurers to reduce drug costs. The industry justifies the moves as essential for investing in research and development. Drugmakers often point out that they see very little of the increases because of the big rebates they distribute to others in the supply chain, including insurers and pharmacy benefit managers, who in turn blame Pharma for setting high list prices.

In most cases, we are not just talking about a price increase of a dollar or two either.

For example, one study found that out-of-pocket costs for multiple sclerosis medications had gotten 20 times greater between 2004 and 2016

The study, published Wednesday in the journal Neurology, found that the average out-of-pocket costs for people taking medications for multiple sclerosis had risen the greatest over the past 12 years, costing 20 times more in 2016 than in 2004.

“Out-of-pocket costs have risen to the point where neurologists should be able to consider the potential financial burden for the patient when prescribing medication, but they do not have this information available to them,” said Dr. Brian C. Callaghan, the study’s lead author and assistant professor of neurology at the University of Michigan.

When you have to pay 20 times as much for the same medicine 12 years later, that is some serious price gouging.

But even worse if what Catalyst Pharmaceuticals just did.

They took a drug that literally makes it possible for people with Lambert-Eaton myasthenic syndrome to be able to walk and jacked the price all the way up to $375,000 a year

Bhanu Patel couldn’t believe the news. The cost of the medication that allows her to move — the one that enabled her to walk stairs again — shot up to $375,000.

Fear gripped her: What would this mean for her independence? Would she become a financial burden on her family? How is this possible in the country that’s given her so much?

Thankfully, there was so much outrage that the FDA decided to undercut them

The FDA announced Monday that it was approving a separate drug for pediatric patients with a rare, painful neuromuscular disease called Lambert-Eaton myasthenic syndrome, also known as LEMS. The disease weakens and fatigues muscles, causing agonizing pain to the point at which patients struggle to walk.

The move sparked celebration in the LEMS community and tanked the stock of Catalyst Pharmaceuticals, maker of the $375,000 drug, called Firdapse. The company’s stock price has dropped about 50% since Monday.

Look, nobody is suggesting that pharmaceutical companies should not be allowed to make a profit.

But when you act like a pig, you are going to get slaughtered, and Catalyst Pharmaceuticals deserves everything that is happening to it.

Once upon a time, the medical industry was all about helping people, but now it is all about making as much money as possible. We desperately need to fundamentally reform our healthcare system, but Congress is not going to do that any time soon.

So for now the big pharmaceutical companies will continue to try to get as many of us as possible hooked on their drugs, and they will continue to try to squeeze every single penny out of us that they possibly can.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Shocking New Study Finds That 137 Million Americans Suffered “Medical Financial Hardship In The Past Year”

The healthcare system in the United States is deeply broken, and it is causing massive financial pain for millions of American families. Previously, I have published articles where I talked about how medical bills are the primary factor in two-thirds of all personal bankruptcies in the United States, and that Americans had to borrow a whopping 88 billion dollars last year to cover medical costs. This is happening even though more than 90 percent of all Americans have some form of health coverage. Thanks to soaring deductibles and health insurance policies that are absolutely riddled with loopholes, more Americans than ever are being wiped out by medical bills. And now a brand new study that was conducted by researchers from the American Cancer Society has discovered that 137.1 million Americans suffered “medical financial hardship in the past year”. The following comes directly from the study

Approximately 137.1 million (95% CI 132.7–141.5) adults reported any medical financial hardship in the past year. Hardship is more common for material, psychological and behavioral domains in adults aged 18–64 years (28.9%, 46.9%, and 21.2%, respectively) than in adults aged ≥ 65 years (15.3%, 28.4%, and 12.7%, respectively; all p < .001). Lower educational attainment and more health conditions were strongly associated with hardship intensity in multivariable analyses in both age groups (p < .001). In the younger group, the uninsured were more likely to report multiple domains of hardship (52.8%), compared to those with some public (26.5%) or private insurance (23.2%) (p < .001). In the older group, individuals with Medicare only were more likely to report hardship in multiple domains (17.1%) compared to those with Medicare and public (12.1%) or Medicare and private coverage (10.1%) (p < .001).

We are the wealthiest nation on the entire planet, and we should have the greatest healthcare system.

This shouldn’t be happening.

And the conclusion that the study ultimately reached is that things are likely to get even worse as we move into the future

Medical financial hardship is common in the USA, especially in adults aged 18–64 years and those without health insurance coverage. With trends towards higher patient cost-sharing and increasing health care costs, risks of hardship may increase in the future.

When I ran for Congress, I strongly stressed the need for a complete and total overhaul of our healthcare system, but unfortunately our current representatives in Washington don’t seem too interested in that.

Today, many Americans try to avoid our healthcare system as much as possible because they are afraid of being hit with absolutely ridiculous bills.

Just consider the case of 9-year-old Oakley Yoder. She went for a hike in the woods at summer camp, and a snake bite forced her to go to the hospital

It was dusk as Oakley Yoder and the other summer camp kids hiked back to their tents at Illinois’ Jackson Falls last July. As the group approached a mound of boulders blocking the path, Oakley, then 9, didn’t see the lurking snake — until it bit a toe on her right foot.

“I was really scared,” Oakley said. “I thought that I could either get paralyzed or could actually die.”

So how much do you think her treatment cost?

A few hundred dollars?

A few thousand dollars?

Actually, the total bill was $142,938

Total bill: $142,938, including $67,957 for four vials of antivenin ($55,577.64 was charged for air ambulance transport). The balance included a ground ambulance charge and additional hospital and physician charges, according to the family’s insurer, IU Health Plans.

This is yet another example that shows that our current system needs to be totally dismantled and rebuilt from scratch.

You could buy an entire house for $142,938.

Here are some more facts from a previous article that show just how dramatically the U.S. healthcare system has failed…

3.7 trillion dollars was spent on health care in the United States in 2018. That breaks down to $10,739 per person.

-If our health care system was a country, it would have the fifth largest GDP on the entire planet.

76 percent of Americans believe that they pay too much for the quality of health care that they receive.

-Out of the 36 counties in the OECD, the U.S. ranks 31st in infant mortality.

-Prescription drugs are the fourth leading cause of death in the United States today.

-Pharmaceutical companies spend approximately 30 billion dollars a year to market their drugs to all of us.

Nearly half of all U.S. doctors are considering leaving the field of medicine, and health insurance companies are the primary reason.

-The median charge for visiting an emergency room in the United States is well over a thousand dollars.

I could go on and on all day, but let me give you just one more example of how flawed our healthcare system has become.

John Kapoor, the billionaire founder of Insys Theraputics, was just found guilty of bribing doctors to prescribe high doses of a painkiller called Subsys

Kapoor oversaw a marketing strategy at Insys that hired doctors as speakers at educational seminars as cover to pay them more than $1m to prescribe high doses of Subsys to patients who did not need it. Prosecutors said the seminars were no more than social gatherings at expensive New York restaurants followed by company sales reps taking the physicians to strip clubs and bars.

Prosecutors showed the jury spreadsheets of payments to doctors and how much the company profited from each bribe. In one instance, the company paid nearly $260,000 to two New York doctors who wrote more than $6m worth of Subsys prescriptions in 2014. Insys employees also posed as doctors to give insurance companies invented diagnoses to get approval for payments for the drug.

In this case justice was done, but the truth is that this sort of stuff happens in the medical world constantly.

Our entire healthcare system is now completely dominated by the pharmaceutical giants, the big health insurance companies and greedy corporate interests.

They don’t care about us. All they really care about is making as much money as possible, and if people get hurt in the process they are willing to live with that.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Americans Had To Borrow 88 BILLION Dollars To Cover Their Medical Bills Last Year

I know that the headline sounds outrageous, but it is actually true. According to a brand new report that was just released, Americans had to borrow 88 billion dollars to cover their medical bills last year. That is a truly astounding number, and it shows just how dramatically our current health care system has failed. And even though the vast majority of Americans are covered by “health insurance”, millions of us are deathly afraid to go to the hospital because of what it might cost. Today, two-thirds of all personal bankruptcies in the United States are caused by medical bills, and most of the people going bankrupt actually had health insurance. Overall, more than half a million American families are financially ruined by medical bills each year, and meanwhile our “representatives” in Washington are doing absolutely nothing to fix the problem.

Surveys have shown that up to two-thirds of the country is living paycheck to paycheck at least part of the time, and an unexpected medical bill can be absolutely devastating for those that are just barely scraping by.

Without much of a financial cushion to fall back on, many families must borrow money when confronted with a large medical expense, and the scale at which this is happening is absolutely stunning

Health care costs in the United States are generally measured as the highest in the world. Last year, many Americans could not afford their health care costs and so borrowed $88 billion to pay for that portion they could not afford.

According to a new West Health and Gallup poll, in a new report titled “The U.S. Healthcare Cost Crisis,” the $88 billion was borrowed in the year before the survey, which was done from January 14 to February 20. The poll was conducted via a random group of 3,537 adults over 18 living in the 50 states and the District of Columbia.

How in the world is this possible?

After all, more than 90 percent of all Americans have some form of health coverage. So why did Americans need to borrow 88 billion dollars to cover their unpaid medical bills last year alone?

Well, first of all it is important to remember that health insurance deductibles have gotten obscenely huge. The following numbers come from a CNN article about Obamacare

The law sets a ceiling on how much consumers have to spend on health care. In 2019, it’s $7,900 for a single person and double that for a family. Some bronze plans peg their deductibles to those levels.

The average deductible for a 2019 bronze policy — which have higher deductibles, but lower premiums than other tiers of Obamacare plans — is nearly $5,900, while the average maximum of out-of-pocket limit is just under $7,000, according to Health Pocket, an online health insurance shopping tool. Family bronze plans have an average deductible of just under $12,200 and an average out-of-pocket maximum of nearly $14,000.

Secondly, even if you have surpassed your deductible, there is still no guarantee that your health insurance company will cover your medical bills. If you do not jump through every single little hoop they want you to jump through, in many instances they will leave you high and dry. When I was running for Congress I had personal conversations with so many people that had been screwed over by the health insurance companies. The more claims they deny, the more money they make, and they have become masters at finding even the smallest loophole that will enable them to wiggle off the hook.

Of course there are some health insurance companies out there that are doing a good job, but the bad apples give the entire industry a very bad name.

We have a system that is deeply broken, and it greatly frustrates me that both political parties seem so uninterested in getting a solution through Congress.

Here are some more numbers that show the current state of the U.S. health care system…

3.7 trillion dollars was spent on health care in the United States in 2018. That breaks down to $10,739 per person.

-If our health care system was a country, it would have the fifth largest GDP on the entire planet.

76 percent of Americans believe that they pay too much for the quality of health care that they receive.

-Out of the 36 counties in the OECD, the U.S. ranks 31st in infant mortality.

-Prescription drugs are the fourth leading cause of death in the United States today.

-Pharmaceutical companies spend approximately 30 billion dollars a year to market their drugs to all of us.

Nearly half of all U.S. doctors are considering leaving the field of medicine, and health insurance companies are the primary reason.

-The median charge for visiting an emergency room in the United States is well over a thousand dollars.

When I was growing up, my mother took me and my siblings to the doctor constantly. But I don’t know anyone that does that today, because it would be ridiculously expensive in most cases.

And one recent survey actually found that 41 percent of all Americans decided against an emergency room visit last year “due to cost”

Another major personal financial concern among Americans is that 45% worry that a “major health care event” would leave them bankrupt, the West Health-Gallup survey found. Additionally, in the past year, 41% said they did not visit an emergency room due to cost.

Fifteen million Americans “deferred” purchasing prescription drugs in the past year because of costs as well. Finally, 76% believe the problem will become worse because health care costs will rise more over the next two years.

Fixing our horribly broken health care system needs to be a top national priority, but earlier today Senate Majority Leader Mitch McConnell made it abundantly clear that nothing will be done about Obamacare in the Senate until the 2020 election. And of course the Democrats are not going to make any major moves on health care until the 2020 election either.

Unfortunately, we are stuck with what we have got for the moment.

Our health care crisis is a national nightmare that never seems to end, and it gets worse with each passing year.

So for now, just hope that nobody in your family becomes seriously ill, because if that happens there is a good chance you might go bankrupt.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

The College Admissions Scandal Is A Perfect Example Of How Deeply Corrupt America Has Become

Is there anything left in this country that has not been deeply tainted by corruption? By now you have probably heard that dozens of people have been arrested for participating in a multi-million dollar college admissions scam. Enormous amounts of money were paid out in order to ensure that children from very wealthy families were able to get into top schools such as Yale University, Stanford University, the University of Texas and the University of Southern California. We should certainly be disgusted by these revelations, but we shouldn’t be surprised. Such corruption happens every single day on every single level of society in America. At this point our nation is so far gone that it is shocking when you run into someone that actually still has some integrity.

The “mastermind” behind this college admissions scam was a con man named William Rick Singer. He had been successfully getting the kids of wealthy people into top colleges for years using “side doors”, and he probably thought that he would never get caught.

But he did.

There were four basic methods that Singer used to get children from wealthy families into elite schools. The first two methods involved bribes

Bribing college entrance exam administrators to allow a third party to facilitate cheating on college entrance exams, in some cases by posing as actual students,’ is the first.

Bribing university athletic coaches and administrators to designate applicants as purported athletic recruits – regardless of their athletic abilities, and in some cases, even though they did not play the sport,’ is the second.

Because many of these kids didn’t even play the sports they were being “recruited” for, in some cases Photoshop was used to paste their faces on to the bodies of real athletes

In order to get non-athletic kids admitted to college as athletes, Singer often had to create fake profiles for them. Sometimes this involved fabricating resumes that listed them having played on elite club teams, but to finish the illusion Singer and his team would also use Photoshop to combine photos of the kids with actual athletes in the sport.

A number of college coaches became exceedingly wealthy from taking bribes to “recruit” kids that would never play once they got to school, but now a lot of those same coaches are probably going to prison.

The third and fourth methods that Singer used involved more direct forms of cheating

‘Having a third party take classes in place of the actual students, with the understanding that the grades earned in those classes would be submitted as part of the students’ application,’ is the third.

The fourth was ‘submitting falsified applications for admission to universities … that, among other things, included the fraudulently obtained exam scores and class grades, and often listed fake awards and athletic activities.’

Of course the main thing that the media is focusing on is the fact that some celebrities are among those being charged in this case, and that includes Lori Loughlin from “Full House”

It was important to “Full House” star Lori Loughlin that her kids have “the college experience” that she missed out on, she said back in 2016.

Loughlin, along with “Desperate Housewives” actress Felicity Huffman, is among those charged in a scheme in which parents allegedly bribed college coaches and insiders at testing centers to help get their children into some of the most elite schools in the country, federal prosecutors said Tuesday.

Despite how cynical I have become lately, I never would have guessed that Lori Loughlin was capable of such corruption.

After all, she seems like such a nice lady on television.

But apparently she was extremely determined to make sure that her daughters had “the college experience”, and so Loughlin and her husband shelled out half a million dollars in bribes

Loughlin and Giannulli ‘agreed to pay bribes totaling $500,000 in exchange for having their two daughters designated as recruits to the USC crew team – despite the fact that they did not participate in crew – thereby facilitating their admission to USC,’ according to the documents.

As bad as this scandal is, can we really say that it is much worse than what is going on around the rest of the country every single day?

Of course not.

We are a very sick nation, and we are getting sicker by the day.

William Rick Singer had a good con going, and he should have stopped while he was ahead

William “Rick” Singer said he had the inside scoop on getting into college, and anyone could get in on it with his book, “Getting In: Gaining Admission To Your College of Choice.”

“This book is full of secrets,” he said in Chapter 1 before dispensing advice on personal branding, test-taking and college essays.

But Singer had even bigger secrets, and those would cost up to $1.2 million.

But like most con men, Singer just had to keep pushing the envelope, and in the end it is going to cost him everything.

The ironic thing is that our colleges and universities are pulling an even bigger con. They have convinced all of us that a college education is the key to a bright future, but meanwhile the quality of the “education” that they are providing has deteriorated dramatically. I spent eight years in school getting three degrees, and so I know what I am talking about. For much more on all this, please see my recent article entitled “50 Actual College Course Titles That Prove That America’s Universities Are Training Our College Students To Be Socialists”.

I know that it is not fashionable to talk about “morality” and “values” these days, but the truth is that history has shown us that any nation that is deeply corrupt is not likely to survive for very long.

Our founders understood this, and former president John Adams once stated that our Constitution “was made only for a moral and religious people”

Avarice, ambition, revenge and licentiousness would break the strongest cords of our Constitution, as a whale goes through a net. Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.

Today, we are neither moral or religious.

What we are is deeply corrupt, and America will not survive if we keep going down this path.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

12 Statistics That Prove That The U.S. Is Facing A Consumer Debt Apocalypse

In the entire history of the United States, consumers have never been in so much debt. And that would not be a crisis as long as the vast majority of us were regularly making our debt payments, but as you will see below delinquency levels are starting to rise to extremely alarming levels. In fact, some of the numbers that are coming in are even worse than we witnessed at any point during the last recession. If things are this bad already, what are they going to look like once the economy really gets bad? Because even though it appears that we are heading into a new recession, according to the Federal Reserve it has not officially begun yet. That means that much worse is yet to come. Just like last time, millions of Americans will likely lose their jobs, and without an income most of those that suddenly find themselves unemployed will not be able to pay their bills. The stage is set for the largest tsunami of consumer debt defaults that this country has ever seen, and that will absolutely devastate major financial institutions all across America.

If you think that I am exaggerating even a little bit, please read over the following list very carefully. The following are 12 statistics that prove that the U.S. is facing a consumer debt apocalypse…

#1 Total consumer debt in the United States just surpassed the 4 trillion dollar mark. That has never happened before in all of U.S. history.

#2 When you throw in mortgages and all other kinds of individual debt, U.S. consumers are now 13.5 trillion dollars in debt.

#3 A whopping 480 million credit cards are in circulation in this country. That number has shot up by nearly 13 percent since 2015.

#4 U.S. consumers are carrying 870 billion dollars worth of balances on their credit cards right now.

#5 56 percent of Americans that currently have credit card balances have been carrying them for more than a year.

#6 The number of “seriously delinquent”credit card accounts in the U.S. has shot up to 37 million.

#7 Americans now owe a total of 1.3 trillion dollars on their auto loans.

#8 At this moment, more than 7 million Americans are delinquent on their auto loan payments. The figure has already surpassed what we witnessed during the peak of the last recession by about a million.

#9 The total amount of student loan debt in the United States has reached the 1.5 trillion dollar mark. Over the last 10 years, that number has more than doubled.

#10 Right now, more than 166 billion dollars in student loan debt is considered to be “seriously delinquent”.

#11 Millennials are now more than a trillion dollars in debt. No generation of Americans has ever been deeper in debt at this stage in life.

#12 One recent survey found that 78 percent of Americans “are living paycheck to paycheck”. Suffocating debt levels are a big reason why that figure is so incredibly high.

Since so many Americans are living paycheck to paycheck, that means that there is very little room for error. During the last recession, large numbers of Americans immediately began getting behind on their bills once they were laid off, and we saw mortgage defaults rise to unprecedented levels. Sadly, we haven’t learned from our past mistakes, and millions upon millions of Americans will find themselves drowning in an ocean of red ink once again during this next recession.

But even if you are not living paycheck to paycheck, carrying credit card balances is a very unwise thing to do.

Most Americans don’t realize that if you only make the minimum payment on a credit card every month, you can end up paying more in interest than you did for the original purchases. The following comes from USA Today

If a credit-card borrower only made the minimum payments on $5,000 of debt, for example, they’d be in debt for more than 18 years and would end up paying $6,372 in interest based on national average interest rates, according to Ted Rossman, industry analyst for CreditCards.com.

If you keep playing this game, I promise you that you will never get rich. Instead, the only people that will be getting wealthy will be the people that are receiving your debt payments.

Credit card debt is one of my pet peeves. One of the best financial moves that anyone can make is to get out of credit card debt and never look back.

And that is particularly important at this juncture because the economy is really starting to slow down. Compared to last year, U.S. job cut announcements were up 117 percent in February.

We haven’t seen anything like that since the last financial crisis.

At this point, even mainstream economists are openly admitting what is coming. Mark Zandi, the chief economist at Moody’s Analytics, sounded downright gloomy in his most recent article…

The economy is throttling back. Way back. That’s the message in the near stall out of job growth last month. Job creation probably isn’t as bad as February’s disappointing numbers suggest — unusually poor weather played a role in limiting job growth to just 20,000 — but it is weaker than just a few months ago. Businesses are nervous, and sentiment is at risk of breaking if anything goes wrong.

And plenty could go wrong. A recession could materialize swiftly if businesses lose faith, and there is a good chance they will.

And when the next recession strikes, things are going to get very, very rough for U.S. consumers.

A consumer debt apocalypse is coming, and it is going to be incredibly painful.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Millennials Are More Than A Trillion Dollars In Debt, And Most Of Them Don’t Even Own A Home

When compared to a similar point in time, Millennials are deeper in debt than any other generation that has come before them. And the biggest reason why they are in so much debt may surprise you. We’ll get to that in a minute, but first let’s talk about the giant mountain of debt that Millennials have accumulated. According to the New York Fed, the total amount of debt that Millennials are carrying has risen by a whopping 22 percent in just the last five years

New findings from the New York Federal Reserve reveal that millennials have now racked up over US$1 trillion of debt.

This troubling amount of debt, an increase of over 22% in just five years, is more than any other generation in history. This situation may leave you wondering how millennials ended up in such a sorry state.

Many young adults are absolutely drowning in debt, but the composition of that debt is quite different when compared to previous generations at a similar point in time.

Mortgage debt and credit card debt levels are far lower for Millennials, but the level of student loan debt is far, far higher

While the debt levels accumulated by millennials eclipse those of the previous generation, Generation X, at a similar point in time, the complexion of the debt is very different.

According to a 2018 report from the St. Louis Federal Reserve Bank, mortgage debt is about 15% lower for millennials and credit card debt among millennials was about two-thirds that of Gen X.

However, student loan debt was over 300% greater.

Over the last 10 years, the total amount of student loan debt in the United States has more than doubled.

It is an absolutely enormous financial problem, and there doesn’t seem to be an easy solution. Some politicians on the left are pledging to make college education “free” in the United States, but they never seem to explain who is going to pay for that.

But what everyone can agree on is that student loan debt levels are wildly out of control. The following statistics come from Forbes

The latest student loan debt statistics for 2019 show how serious the student loan debt crisis has become for borrowers across all demographics and age groups. There are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. Student loan debt is now the second highest consumer debt category – behind only mortgage debt – and higher than both credit cards and auto loans. Borrowers in the Class of 2017, on average, owe $28,650, according to the Institute for College Access and Success.

What makes all of this even more depressing is the fact that the quality of “higher education” in the U.S. has gone down the toilet in recent years. For much more on this, please see my recent article entitled “50 Actual College Course Titles That Prove That America’s Universities Are Training Our College Students To Be Socialists”.

Our colleges and universities are not adequately preparing our young people for their future careers, but they are burdening them with gigantic financial obligations that will haunt many of them for decades to come.

We have a deeply broken system, and we desperately need a complete and total overhaul of our system of higher education.

Due to the fact that so many of them are swamped by student loan debt, the homeownership rate for Millennials is much, much lower than the homeownership rate for the generations that immediately preceded them. The following comes from CNBC

The homeownership rate for those under 35 was just 36.5 percent in the last quarter of 2018, compared with 61 percent for those aged 35 to 44, and 70 percent for those aged 45 to 54, according to the U.S. Census. The millennial homeownership rate actually dropped in the fourth quarter compared with the third quarter, but was unchanged year over year.

This is one of the big reasons why “Housing Bubble 2” is beginning to burst. There are not enough Millennials buying homes, and it looks like things could be even worse for Generation Z.

If you are a young adult, I would encourage you to limit your exposure to student loan debt as much as possible, because the debt that you accumulate while in school can have very serious long-term implications that you may not even be considering right now.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

50 Actual College Course Titles That Prove That America’s Universities Are Training Our College Students To Be Socialists

What in the world are they teaching to our young people? As you go through the list of college course titles below, I am sure that many of you will be completely shocked. Most parents assume that they are sending their children to college to get prepared for their future careers, but the truth is that a lot of our major colleges and universities have become little more than indoctrination centers for progressive thought. Our college students are literally being systematically trained to be socialists, and it is working. According to a brand new Harris Poll that was just released, 37.2 percent of all Americans “prefer living in a socialist country”. But for Millennials and Generation Z combined, that figure is 49.6 percent. That means that essentially half of our young adults want to be socialists, and that has enormous implications for the future of our society.

So how did this happen?

Well, the truth is that it really isn’t a mystery. Progressives have a stranglehold on higher education in the United States, and they are training future generations of leaders to think just like them.

Young America’s Foundation has just released their yearly report on the craziest college courses in America, and I pulled some examples out of that report that demonstrate how bad things have gotten.

The following are 50 actual college course titles that prove that America’s universities are literally training our college students to be socialists…

#1 Harvard University: FRSEMR 62O—Who is a Fascist? Culture and Politics on the Radical Right

#2 Princeton University: FRS 139—Marx in the 21st Century

#3 Yale University: AMST 469a—Progressivism: Theory and Practice

#4 University of Alabama: SW 351—Oppression & Social Justice

#5 University of Florida: WST 3349—Ecofeminism

#6 University of Florida: POT 4053—Great Political Thinkers: Machiavelli to Marx

#7 University of Kentucky: SOC 235—Inequalities in Society

#8 University of Missouri: PSYCH 4984—Promoting Social Justice, Diversity, and Inclusion Capstone

#9 Middlebury College: AMST 0269—Beyond Intersectionality: Developing Anti-Racist and Anti-Capitalist Feminisms

#10 Middlebury College: ECON 0405—Economics of Discrimination

#11 University of Minnesota: AFRO 1917—Inequality and the American Dream

#12 University of Minnesota: SOC 3507—Immigration to the United States: Beyond Walls

#13 University of Minnesota: CSCL 3405—Marx for Today

#14 University of Minnesota: CI 5137—Multicultural Gender-Fair Curriculum

#15 University of Iowa: GWSS 1005—Introduction to Social Justice

#16 University of Iowa: GWSS 2045—Working for Social Justice

#17 University of Illinois: GWS 337—Interrogating Masculinities

#18 Indiana University: GNDR-G 330—Looking Like a Feminist: Visual Culture and Critical Theory

#19 University of Maryland: WMST 300—Feminist Reconceptualizations of Knowledge

#20 University of Michigan: WOMENSTD 434—Eco/Queer/Feminist Art Practices

#21 Michigan State University: ANP 859—Gender, Justice, and Environmental Change: Methods and Application

#22 Ohio State University: WGSST 3200—Breaking the Law: An Introduction to Gender Justice

#23 Penn State University: AFAM 147—The Life and Thought of Malcolm X

#24 Purdue University: OLS 45400—Gender And Diversity In Management

#25 University of Wisconsin: HISTORY 346—Trans/Gender in Historical Perspective

#26 University of Wisconsin: GEN&WS 536—Queering Sexuality Education

#27 University of Wisconsin: AFRICAN 233—Global HipHop and Social Justice

#28 Williams College: AFR 342—Racial Capitalism

#29 Williams College: AMST 219—Understanding Social Class

#30 Williams College: ENVI 103—Global Warming and Environmental Change

#31 Amherst College: POSC 407—Contemporary Debates: Gender and Right-Wing Populism

#32 Amherst College: SWAG 351—From Birth to Death: LGBTQ Life Trajectories

#33 Swarthmore College: ENVS 043—Race, Gender, Class and Environment

#34 Swarthmore College: RELG 032—Queering God: Feminist and Queer Theology

#35 Swarthmore College: RELG 033—Queering the Bible

#36 Wellesley College: AMST 281—Rainbow Republic: American Queer Culture from Walt Whitman to Lady Gaga

#37 Wellesley College: SOC 205—Modern Families and Social Inequalities

#38 Carleton College: POSC 275—Black Radical Political Thought

#39 Pomona College: AFRI144A—Black Women Feminism(s) and Social Change

#40 Pomona College: GWS142—Queering Childhood

#41 Claremont McKenna College: GOVT113—Inequality, Politics, and Public Policy: Class, Race, and Gender

#42 Davidson College: SOC 356—Feminization of Poverty

#43 Butler University: RI379—The Problem of God

#44 Creighton University: ANT 178—Global Citizenship

#45 DePaul University: LGQ 338—Sexual Justice: Lesbians, Gays and the Law

#46 Georgetown University: WGST 250—The Breast: Image, Myth, Legend

#47 Providence College: SOC 418—Globalization and Social Justice

#48 St. John’s University: SOC 1170—Inequality; Race, Class and Gender

#49 University of Pennsylvania: RELS 110—American Jesus

#50 University of Pennsylvania: URBS 050—Womanism and Identity Politics in the Realm of Hip-Hop

This system of “higher education” has produced Alexandria Ocasio-Cortez and millions of young radical leftists just like her.

And even though she has only been in Congress for a little more than two months, AOC is already one of the most popular politicians in America.

Unfortunately, she is tremendously disgusted with capitalism. In fact, according to NBC News she just told a large crowd that capitalism “cannot be redeemed”…

She dismissed concern about the government taking over corporations, which she said she doesn’t favor, by saying “corporations have already taken over our government.”

Instead, she said, her view of democratic socialism emphasizes making everything, politics and the economy, more democratic. And she said capitalism — which she defined as an ideology of “putting profit above of everything else in society” — “cannot be redeemed.”

Is this where our country is headed?

Is there any hope that we can return to the values that this nation was founded upon?

We better hope so, because those values helped us to become the greatest nation on the entire planet. I really like how Trish Regan made this point in her recent piece

America is losing its way amid this socialism madness. The new alt-left’s mob-like insanity is spinning a lie– a lie that capitalism is bad and that capitalists are bad.

Capitalism has made us what and who we are as an economy and as a nation.

Alexander Hamilton said during the founding years of our great republic:

“True liberty, by protecting the exertions and talents of industry, and securing to them their justly acquired fruits, tends more powerfully than any other cause to augment the mass of national wealth and to produce the mischiefs of opulence.” – Alexander Hamilton, “Defense of the Funding System,” July 1795, in Papers of Alexander Hamilton, Vol. 19, p. 32.

I very much agree with her. As a nation, we are definitely losing our way.

Hopefully we can find our way back, because the path that we are currently on doesn’t lead anywhere good.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

$3.5 Trillion A Year: America’s Health Care System Has Become One Of The World’s Largest Money Making Scams

If the U.S. health care system was a country, it would have the fifth largest GDP on the entire planet. At this point only the United States, China, Japan and Germany have a GDP that is larger than the 3.5 trillion dollar U.S. health care market. If that sounds obscene to you, that is because it is obscene. We should want people to be attracted to the health care industry because they truly want to help people that are suffering, but instead the primary reason why people are drawn to the health care industry these days is because of the giant mountains of money that are being made. Like so many other things in our society, the health care industry is all about the pursuit of the almighty dollar, and that is just wrong.

In order to keep this giant money machine rolling, the health care industry has to do an enormous amount of marketing. If you can believe it, a study that was just published found that at least 30 billion dollars a year is spent on such marketing.

Hoping to earn its share of the $3.5 trillion health care market, the medical industry is pouring more money than ever into advertising its products — from high-priced prescriptions to do-it-yourself genetic tests and unapproved stem cell treatments.

Spending on health care marketing nearly doubled from 1997 to 2016, soaring to at least $30 billion a year, according to a study published Tuesday in JAMA.

This marketing takes many different forms, but perhaps the most obnoxious are the television ads that are endlessly hawking various pharmaceutical drugs. If you watch much television, you certainly can’t miss them. They always show vibrant, smiling, healthy people participating in various outdoor activities on bright, sunny days, and the inference is that if you want to be like those people you should take their drugs. And the phrase “ask your doctor” is usually near the end of every ad…

The biggest increase in medical marketing over the past 20 years was in “direct-to-consumer” advertising, including the TV commercials that exhort viewers to “ask your doctor” about a particular drug. Spending on such ads jumped from $2.1 billion in 1997 to nearly $10 billion in 2016, according to the study.

As a result of all those ads, millions of Americans rush out to their doctors to ask about drugs that they do not need for diseases that they do not have.

And on January 1st, dozens of pharmaceutical manufacturers hit Americans with another annual round of massive price increases.

But everyone will just keep taking those drugs, because that is what the doctors are telling them to do. But what most people never find out is that the pharmaceutical industry goes to great lengths to get those doctors to do what they want. According to NBC News, the big drug companies are constantly “showering them with free food, drinks and speaking fees, as well as paying for them to travel to conferences”.

It is a legal form of bribery, and it works.

When you go to most doctors, they will only have two solutions to whatever problem you have – drugs or surgery.

And since nobody really likes to get cut open, and since drugs are usually the far less expensive choice, they are usually the preferred option.

Of course if doctors get off the path and start trying to get cute by proposing alternative solutions, they can get in big trouble really fast

Today’s medical doctors are not allowed to give nutritional advice, or the American Medical Association will come shut them down, and even if they were, they don’t know the right things to say, because they weren’t educated that way in medical college. So instead, M.D.s just sling experimental, addictive drugs at symptoms of deeper rooted sicknesses, along with immune-system-destroying antibiotics and carcinogenic vaccines.

That’s why any medicine that wrecks your health is easy to come by, just like junk food in vending machines. The money isn’t made off the “vending” products, the money is made off the sick fools who are repeat offenders and keep going back to the well for more poison – it’s called chronic sick care or symptom management. Fact: Prescription drugs are the fourth leading cause of death in America, even when “taken as directed.”

Switching gears, let’s talk about hospitals for a moment.

When you go to the hospital, it is often during a great time of need. If you are gravely ill or if an accident has happened and you think you might die, you aren’t thinking about how much your medical care is going to cost. At that moment you just want help, and that is a perfect opportunity for predators to take advantage of you.

Just consider the example of 24-year-old Nina Dang. She broke her arm while riding her bicycle in San Francisco, and so she went to the emergency room.

The hospital that Facebook CEO Mark Zuckerberg donated so much money to definitely fixed her arm, but later they broke her bank account when they hit her with a $24,000 bill

A bystander saw her fall and called an ambulance. She was semi-lucid for that ride, awake but unable to answer basic questions about where she lived. Paramedics took her to the emergency room at Zuckerberg San Francisco General Hospital, where doctors X-rayed her arm and took a CT scan of her brain and spine. She left with her arm in a splint, on pain medication, and with a recommendation to follow up with an orthopedist.

A few months later, Dang got a bill for $24,074.50. Premera Blue Cross, her health insurer, would only cover $3,830.79 of that — an amount that it thought was fair for the services provided. That left Dang with $20,243.71 to pay, which the hospital threatened to send to collections in mid-December.

Most Americans assume that if they have “good health insurance” that they are covered if something major happens.

But as Dang found out, you can still be hit with crippling hospital bills even if you have insurance.

Today, medical debt is the number one reason why Americans declare bankruptcy. Because of the way our system is set up, most families are just one major illness away from financial ruin.

And this kind of thing is not just happening in California. The median charge for a visit to the emergency room nationally is well over a thousand dollars, and you can be billed up to 30 dollars for a single pill of aspirin during a hospital stay.

Our health care system is deeply broken, and it has been designed to squeeze as much money out of all of us as it possibly can.

Unfortunately, we are stuck with this system for now. The health care industry is certainly not going to reform itself, and the gridlock in Washington is going to make a political solution impossible for the foreseeable future.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

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