10. The Price Of Health Care Is A Huge Concern
People who live below the poverty line in their state often qualify for Medicaid, making their healthcare completely free. Some people can go their entire lives with free healthcare, as long as they remain poor. But as soon as you make enough to be in the middle class, you are going to be straddled with huge monthly premiums. Let’s not forget about co-pays, deductibles, and the cost of medication. Insurance alone can be several hundred dollars a month, especially for self-employed individuals and do not have an employer cover the costs. Some choose to go without insurance because they figure that paying their medical bills on their own is cheaper than the monthly premiums.
Middle-class people are very concerned with health care costs. You might hear stories about someone who has gone into massive debt with medical bills, or they had to pay huge costs out of pocket for their medications. According to statistics, the leading cause of bankruptcy in America is due to outstanding medical bills. It can very literally ruin your life if you don’t have insurance in America. The rich pay for their medical procedures or have an expensive insurance plan that covers their needs. However, many in the middle class cannot afford these monthly premiums, especially if they are also buying luxury goods that they do not need.