In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Dec. 20, 2006 / 29 Kislev 5766

America's high anxiety

By Mort Zuckerman

Mort Zuckerman
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http://www.JewishWorldReview.com | Our nation's core bargain with the middle class is disintegrating. We are into the fifth year of a relatively robust expansion, but millions are worse off. Exposed to greater risks in job security, they feel abandoned, left to fund their own health and retirement programs out of static or falling real incomes.

Resentment and envy are not normal characteristics of our society; we usually don't care how much the other guy makes as long as we feel we're getting a fair shake. Today, however, the middle class is not. Most of our economic gains have gone to people at the very top of the income ladder. Median income for a household of people of working age, by contrast, has fallen five years in a row. What's more, in a rapidly changing economy, Americans are losing their jobs, and while they often find new ones, the average pay is 17 percent below what they were earning before.

Even college graduates have been hard hit, their wages having failed to keep pace with inflation over the past five years-and this at a time when the profits per share for the companies in the Standard & Poor's 500 index have been increasing at double-digit rates while corporate profits are at the highest level in two generations. Wages and salaries, meanwhile, account for the lowest share of our GDP since the government began recording the data, in 1947. As former Secretary of the Treasury Larry Summers put it: "If the anxious middle's concerns about fairness are this serious when the unemployment rate is 4.4 percent, there will be far greater concerns whenever the economy next turns down."

Risk. The economy is going great guns-thanks to globalization, continued technology advancements, and improved productivity-but the middle class and working families just don't feel they are getting ahead, despite the fact that they're working very hard. Indeed, many ordinary Americans say they are either falling behind or just barely keeping up.

Philosophers and politicians-from Plato to Disraeli to John Edwards-are fond of the "two nations" concept (slave/free; rich/poor; black/white). Today, we can add another: secure/anxious. Risk, even more than the level of incomes, is the main issue. As family incomes have become more stable, loss aversion has become increasingly important. By a margin of 2 to 1, Americans-traditionally, eager entrepreneurs-consider it more important to protect current sources of income than to take an opportunity to take a chance on something new and make more money.

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Tens of millions of Americans live in fear that a major health problem can reduce them to bankruptcy. They realize their families are one health crisis away from family hardship, which is a key reason for the pervasive feeling of personal and permanent insecurity.

This particularly affects American families. Marriage has always been a vital economic and social institution. Yet married people with kids are twice as likely to file for bankruptcy as single adults or childless couples, and they're more likely to lose their homes than married couples without children or single adults. Why hasn't the two-earner family protected more Americans from the risk of financial disaster? Well, to most families, a second income is not a luxury but a necessity, as wages for men basically flattened out as women entered the workforce. The job market has become more uncertain, with roughly as large a share of workers involuntarily losing their jobs every three years as during the steep economic decline of the early 1980s. The cost of housing, education, healthcare, and child care, meanwhile, has gone through the roof.

Think about what happens when a woman leaves the workforce to have a child.

Think about the possibility of a child who becomes chronically ill.

Think about what happens when one of two parents loses his or her job, and what happens afterward when families break apart.

Think about the fact that raising a child to the age of 18 will cost over $200,000 for a middle-income family-and that doesn't even account for college tuition, now a required ticket for admission into the middle class.

Perhaps that's why for the first time, according to the Census Bureau, households headed by single people outnumber those headed by married ones.

If there is one single source of risk our policymakers must tackle, it is health insurance. We must not muddle on, a band-aid here and a band-aid there. We must find some way to provide universal health insurance, especially to cover all children. This is one of the critical reasons that Americans are nervous and no longer believe that the next generation will be better off.

The deep disquiet in this newly anxious American nation was evident in last month's midterm elections. Whichever party better focuses on healthcare will do a world of good for itself and the country.

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JWR contributor Mort Zuckerman is editor-in-chief and publisher of U.S. News and World Report. Send your comments to him by clicking here.


© 2005, Mortimer Zuckerman