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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 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. This book compels us to rethink how and why we live our economic lives the way we do.--From publisher description.
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Subjects
Répartition, Equality, Wirtschaftliche Lage, Income distribution, Conditions économiques, Einkommensverteilung, Classes moyennes, Revenu, Aspect psychologique, Psychologie, Mittelstand, Economic conditions, Middle class, Verbraucherverhalten, Inégalité sociale, Aspect économique, Consommation (Économie politique), Consumption (Economics), Middle class, united states, Income distribution, united states, Consumption (economics), United states, economic conditionsPlaces
United States, États-Unis, USAShowing 1 featured edition. View all 1 editions?
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Falling behind: how rising inequality harms the middle class
2007, University of California Press
in English
0520252527 9780520252523
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Table of Contents
Edition Notes
Includes bibliographical references (p. 133-140) and index.
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