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Cost of Healthcare, Low Wages Among Top Financial Concerns of Americans

© Fotolia / Yaroslav PavlovThe cost of healthcare and low wages are some of the most pressing financial problems American families facing, according to a Gallup poll.
The cost of healthcare and low wages are some of the most pressing financial problems American families facing, according to a Gallup poll. - Sputnik International
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The recent Gallup poll shows that healthcare costs and lack of money or low wages rank are the most important financial problems of Americans.

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WASHINGTON, January 22 (Sputnik) — The cost of healthcare and low wages are some of the most pressing financial problems American families facing, according to a Gallup poll.

“Healthcare costs and lack of money or low wages rank as the most important financial problems facing American families, each mentioned by 14% of US adults,” the poll issued Wednesday read.

The cost of healthcare has returned to the top concern on the list this year since Gallup began asking US families 10 years ago what the most important financial problem facing their family is.

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In 2010, healthcare was named one of the biggest financial concerns that US Citizens had, the same year that US President Barack Obama signed into law the Affordable Care Act otherwise known as Obamacare, which attempts to provide universal healthcare to US citizens.

Meanwhile, the lack of money and low wages has consistently been one of the biggest concerns for American families since 2011, according to the poll.

“With President Barack Obama stating that the US last year had its best year for job growth since 1999, certain financial problems have receded from the nation's memory, while others have persisted in the forefront,” the Gallup poll read. “Americans have consistently cited healthcare, a topic of fierce debate this decade, as one of the most important financial problems, and it remains so.”

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Obamacare was signed into law in March 2010, aiming to provide universal healthcare to Americans through the establishment of online health insurance marketplaces and tax-payer funded subsidies.

Obamacare however, has been at the center of the dispute between President Obama and the Republican party, which has vowed to repeal the healthcare law after they secured a majority in the House and Senate in November’s midterm elections. Republicans argue that the healthcare law is unconstitutional and a burden on the US economy.

The Gallup poll follows US President Barack Obama’s State of the Union address where he applauded the policies implemented under his administration that helped to pull the United States out of recession by growing the US economy, “shrinking deficits, bustling industry and booming energy production,” according to the president’s speech.

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