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Falling Behind: How Rising Inequality Harms The Middle Class.

Falling Behind: How Rising Inequality Harms The Middle Class.

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  • ISBN:9780520252523
  • Editorial: California U.P.
  • Fecha de la edición:
  • Encuadernación:Rústica
  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:148
  • Idiomas:Ingles

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Although middle-income families don´t earn much mor than they did several decades ago, they are buying bigger cars, houses and appliances. To pay for them, they spend more than than they earn and carry record levels of debt. In a book exploring 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 pyramis have set off "expenditure cascades" that raise the cost of achieving many basics goals for the middle class.

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