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Even the wealthiest Americans are suffering from shorter lifespans than those in Europe. A new study cites 3 major reasons

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Americans are dying earlier than Europeans—and the rich are not exempt. 

In a new study published today, researchers at Brown University analyzed the survival rates and wealth of older adults in the U.S. and Europe over 12 years. They found that Americans’ survival rate was lower than their European counterparts across all wealth tiers. The wealthiest in Northern and Western Europe had a mortality rate roughly 35% lower than that of the wealthiest Americans.  

“Whatever is happening with mortality in the U.S. and these decreases that we see in life expectancy are not just things that are happening to the poorest Americans,” Irene Papanicolas, senior author of the study and a professor of health services, policy, and practice at Brown School of Public Health, tells Fortune. “There’s something systemic that’s happening that affects every American.” 

In the study, published in the New England Journal of Medicine, researchers used data from over 73,000 adults between the ages of 50 and 85 in the U.S. and 16 European countries. 

Despite socioeconomic privilege, the researchers found that the survival rate of the wealthiest bracket of Americans “was statistically equivalent to the poorest wealth quartile in North and Western Europe,” Papanicolas says. “So they’re not just doing worse than the richest quartile. They’re statistically equivalent to the poorest quartile in that region.”

Papanicolas hypothesizes that several of the European countries at play, like Germany, the Netherlands, and Switzerland, are high spenders on health care, but they address the social determinants that exacerbate the health and wealth gap more adequately than the U.S.

Wealth still equals better health

Despite the discrepancy for the wealthiest in the U.S., across the board, the study underscores that wealth impacts health. The richest have better survival rates than the poorest, explained by the ability to pay for out-of-pocket health care costs, access to safer living situations, and education that provides health literacy, says Papanicolas. 

But the study found that America’s health gap between the richest and poorest was most stark. The poorest Americans had the lowest survival rates of all the study participants. 

“Greater inequity might just make a lot of what we need for a healthy life inaccessible to more and more people,” she says. “For a country that spends so much more, we really should be doing more.” The researchers conclude that a mixture of culture, policy, and environment can influence how much wealth impacts health, which seems most notable in the U.S. 

“Across all wealth quartiles [in Europe], people were more likely to have a college education as compared to the U.S. where that was much more concentrated across the most wealthy. Even things like smoking, we saw that there was less of a social gradient than we saw in the U.S,” Papanicolas says. “In a lot of the European countries, the top three quartiles were much more clustered together, so it didn’t really seem to make that much of a difference. The poorest do worse everywhere, but the majority of people had a much more similar trajectory in Europe [than in the U.S.].” (The authors note that the sample size in Europe cannot be generalized across all European countries). 

Papanicolas notes that the paper does not conclude definitive causes for the results but does extrapolate on the potential systemic issues afflicting the U.S. survival rates. 

“As we think of policies to address this, we really need to think, what are these factors that are so prevalent that they’re influencing everybody but that in other countries aren’t?” Papanicolas says. 

Here are three reasons for shorter U.S. lifespans:  

Avoidable causes of death

In the U.S., external deaths, such as from firearms, alcohol, and suicide, were higher compared to other wealthy countries. 

“This points to a weaker public health infrastructure that isn’t protecting people, as well as other high-income countries are from these deaths,” says Papanicolas. “I think we really need to think about how we bolster public health and protect people.”

High rates of cardiovascular death

High rates of heart disease, a significant risk factor for early mortality, also plague the U.S more dramatically than other high-income countries. 

“We need to think about diagnosis and treatment and making sure that everybody has access to affordable medications and is able to prevent the risk factors that can lead to deaths from heart disease,” Papanicolas says. 

A weaker social state 

Compared to the U.S., Papanicolas says European countries “invest in, potentially, a more robust social state that protects you from the stress of losing your job.”

“Your healthcare isn’t attached necessarily to your employment, and you have, maybe with more equal access to education, also more equal opportunities to become wealthy throughout the life course,” she says.

Another flag for a weaker social state: The U.S. dropped to its lowest rank on the annual World Happiness Report last month. “All of these play a role in the population, not only in the short term, but particularly in the long term,” Papanicolas says.

The study points to an urgent priority: a public health strategy with a goal of equal access to aging well, just as the Trump admin is dismantling health agencies charged with offering services to older adults, from mental health care to access to healthy food.

“Look to other countries and understand what they do, because it is possible to achieve a better survival with less,” says Papanicolas. “There’s also potentially a note of hope here that we can do better.”

This story was originally featured on Fortune.com



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A bailout for farmers caught in Trump’s trade war is already being discussed. ‘If we don’t get something, it will be quite a disaster’

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  • Trump administration officials and lawmakers are considering aid for farmers as retaliation looms against U.S. tariffs. China and Canada have already levied duties on some of the top U.S. agricultural exports. During Trump’s first term, farmers got $23 billion after an earlier round of tariffs.

Trump administration officials and lawmakers have begun exploring a relief package for U.S. farmers as agricultural trade groups warn of economic repercussions from tariffs.

That’s as retaliation against President Donald Trump’s sweeping import taxes could harm U.S. exports of farm products. 

“We are setting up the infrastructure that if, in fact, we have some economic consequences in the short term to our farmers and perhaps our ranchers, that we will have programs in place to solve for that,” Agriculture Secretary Brooke Rollins told reporters last week. 

On Sunday, she told CNN the administration must be prepared in case of “longer-term damage” by lining up funds with lawmakers. 

Sen. John Hoeven (R-N.D.) confirmed discussions about a farm bailout and said he spoke with Rollins.

The USDA did not immediately respond to Fortune’s request for comment.

On Wednesday, Trump announced a minimum 10% levy on all imports and even higher rates on certain trading partners. Some countries have retaliated with their own levies against specific industries. 

On Friday, China—a major export market for farmers—announced a 34% tariff on U.S. imports, after previously imposing an added 15% tariff on U.S.-grown chicken, wheat, corn, and cotton and a 10% levy on sorghum, soybeans, pork, beef, seafood, fruit, vegetables, and dairy products.

In addition, Canada has levied 25% duties on goods worth $30 billion including peanut butter, orange juice, and coffee. The country also threatened to expand its tariffs to $155 billion worth of imported goods, including poultry, produce, and dairy products, if the U.S. maintains its trade policy. The European Union has threatened to retaliate against soybean, beef, and poultry farmers in the bloc’s effort to target red states. 

Trade groups have warned that retaliatory tariffs on U.S. agricultural exports could harm the prices of corn, soybeans, cotton, and other crops. The price of soybeans sank more than 3% Friday and are down almost 17% since a year ago. Roughly 60% of soybeans, meal, and soy oil produced in the U.S. are exported. 

“We hope there will be a bailout,” Barry Evans, a sorghum and cotton farmer in Texas who sits on the board of directors for a sorghum grain trade group, told The Wall Street Journal. “If we don’t get something, it will be quite a disaster.”

The farming industry relies on exports for more than 20% of its annual income, according to the American Farm Bureau Federation. 

In 2024, the U.S. exported $176 billion in agricultural products, with 47% going to three countries: Mexico (17.2%), Canada (16.1%), and China (14%). According to the USDA, soybeans, livestock products, tree nuts, fruits, vegetables, grains, and feeds are among the top U.S. exports.

Tariffs in Trump’s first term triggered retaliation that caused a reduction of more than $27 billion in agricultural exports, according to USDA. The government gave farmers $23 billion in economic aid to help offset the loss.

Retaliatory tariffs add obstacles to an already struggling industry. Last year, Congress approved a $10 billion relief package to farmers to help reduce the impact of increased input costs and lower commodity prices and recently began dishing out the aid. The new package could be larger as the industry is faced with broad-ranging challenges, a congressional aide told WSJ.

“We share the administration’s goal of leveling the playing field with our international partners, but increased tariffs threaten economic sustainability of farmers who have lost money on most crops for the past three years,” president of the Farm Bureau, Zippy Duvall, told the WSJ.

In addition to the impact of retaliatory tariffs on agricultural exports, U.S. tariffs on imports could also increase prices that farmers pay for equipment, pesticides, and fertilizer.

Meanwhile, farmers are also suffering from the Department of Government Efficiency dismantling USAID. In 2020, the U.S. government purchased roughly  $2.1 billion in food aid from American farmers.

This story was originally featured on Fortune.com



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Treasury Secretary Scott Bessent downplays stock market crash as short-term reaction and says ‘everything is working very smoothly’

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  • After the worst selloff on Wall Street since the early days of the COVID-19 pandemic, Treasury Secretary Scott Bessent said he was impressed with the market’s ability to handle surging volumes and noted that Wall Street has a history of underestimating President Donald Trump, whose tariff policies are raising fears the economy will be suddenly thrown into a recession.

Treasury Secretary Scott Bessent said the market’s ability to handle surging volumes is reassuring and downplayed the massive stock selloff as a short-term reaction.

In an interview with NBC’s Meet the Press that aired Sunday, he also gave no indication that President Donald Trump will back off from this aggressive tariffs and said there doesn’t have to be a recession.

That’s despite Wall Street pricing greater odds of a downturn, with JPMorgan warning tariffs will cause GDP to shrink this year.

“One thing that I can tell you, as the Treasury secretary, what I’ve been very impressed with is the market infrastructure, that we had record volume on Friday. And everything is working very smoothly so the American people, they can take great comfort in that,” Bessent told NBC.

On Friday, the Dow Jones Industrial Average collapsed 5.5%, losing 2,231 points, the S&P 500 sank 6%, and the Nasdaq crashed 5.8%, sending the tech-heavy index more than 20% below its recent high and putting it in bear market territory.

That followed similar market carnage on Thursday. The two sessions wiped out $6 trillion in market cap and marked the worst selloff since the early days of the COVID-19 pandemic in 2020.

Bessent said “we get these short-term market reactions from time to time,” and added that Wall Street has consistently underestimated Trump, pointing to an initial stock decline after he unexpectedly won the 2016 election.

“And it turned out he was going to be the most pro-business president in over a century, maybe in the history of the country. And we went on to very high after-inflation returns for the next four years,” Bessent said.

When asked what he would say to Americans who plan to retire and just saw their portfolios take a big hit, he dismissed that as a “false narrative.”

“I think they don’t look at the day-to-day fluctuations of what’s happening,” Bessent said. “And you know, in fact, most Americans don’t have everything in the market.”

For those with 401(k) accounts, most have 60% of their holdings stocks and 40% in bonds, he explained, adding that such 60/40 accounts are down 5% or 6% on the year.

“If you look day-to-day, week-to-week, it’s very risky. Over the long term, it’s a good investment,” Bessent said.

For those with decades ahead of them until retirement, experts say the best course of action is to take a breath and leave their 401(k) alone.

This story was originally featured on Fortune.com



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