The 2024 presidential election brought significant political changes, including efforts to reduce economic regulations and cut social safety nets to fund tax breaks for high earners. These changes highlight the financial struggles of at least half of American households, who cannot afford basic necessities like food, housing, and healthcare. In the book “Sharing Risk: The Path to Economic Well-Being for All,” the author argues that expanding risk-sharing programs, such as Social Security and unemployment insurance, can help alleviate these burdens. While political resistance exists, bipartisan support for initiatives like the Child Tax Credit expansion and Medicaid demonstrates potential for progress. Addressing financial insecurity is crucial, as the majority of families now live paycheck to paycheck, creating a tipping point for policymakers to prioritize economic stability.
— new from Counterpunch
