Growing life span inequality has given the rich an extra $130,000 in government benefits

A powerhouse new study’s surprising revelations about inequality.

The federal government spends a large amount of money to support the living standards of elderly people — primarily through Social Security and Medicare but with significant helping hands from Medicaid and disability insurance. That amount is growing as a share of the economy because productivity growth is slowing, and because birthrates continue to fall (in line with a long-term trend), but mostly because Americans are...

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