Falling Behind

Falling Behind

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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 qexpenditure cascadesq 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 FoundationUniversity of California Press, one of the most distinguished university presses in the United States, enriches lives around the world by ... alk. paper) isbn-13: 978-0 -520-25252-3 (pbk. : alk. paper) isbn-10: 0-520-25252-7 (pbk. : alk. paper) 1. Middle class a€” United States ... Equalitya€”Economic aspects a€” United States.

Title:Falling Behind
Author: Robert Frank
Publisher:Univ of California Press - 2007-07-09

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