Falling behind: how rising inequality harms the middle class

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Publisher:
University of California Press,
Pub. Date:
c2007.
Language:
English
Description
Although middle-income families don't earn much more than they did several decades ago, they are buying bigger cars, houses, and appliances. To pay for them, they spend more than they earn and carry record levels of debt. In a book that explores the very meaning of happiness and prosperity in America today, Robert Frank explains how increased concentrations of income and wealth at the top of the economic pyramid have set off "expenditure cascades" that raise the cost of achieving many basic goals for the middle class. Writing in lively prose for a general audience, Frank employs up-to-date economic data and examples drawn from everyday life to shed light on reigning models of consumer behavior. He also suggests reforms that could mitigate the costs of inequality.Falling Behind compels us to rethink how and why we live our economic lives the way we do.Copub: Russell Sage Foundation
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ISBN:
9780520252523
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full_title falling behind how rising inequality harms the middle class
author frank robert h
grouping_category book
lastUpdate 2017-01-28 05:53:35AM

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physical xiv, 148 p. : ill. ; 21 cm.
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publishDate 2007
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publisher University of California Press,
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record_details ils:.b13040947|Book|Books||English|University of California Press,|c2007.|xiv, 148 p. : ill. ; 21 cm.
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series Aaron Wildavsky forum for public policy
series2 The Aaron Wildavsky forum for public policy ;
series_with_volume Aaron Wildavsky forum for public policy|4.
subject_facet Consumption (Economics) -- United States, Equality -- Economic aspects -- United States, Income distribution -- United States, Middle class -- United States -- Economic conditions
table_of_contents Introduction -- Recent changes in income and wealth inequality -- Inequality, happiness, and health -- Envy or context? -- The rising cost of adequate -- Why do we care about rank? -- What types of consumption are most sensitive to context? -- How can middle-class families afford to keep up? -- Smart for one, dumb for all -- Looking ahead -- Lessons for public policy -- Reflections.
target_audience Adult
target_audience_full Adult
title Falling behind : how rising inequality harms the middle class
title_display Falling behind : how rising inequality harms the middle class
title_full Falling behind : how rising inequality harms the middle class / Robert H. Frank
title_short Falling behind :
title_sort falling behind how rising inequality harms the middle class
title_sub how rising inequality harms the middle class