Details

Subject(s)

• Middle class—United States—Economic conditions [Browse]
• Income distribution—United States [Browse]
• Consumption (Economics)—United States [Browse]
• Equality—Economic aspects—United States [Browse]

Series

• Aaron Wildavsky forum for public policy ; 4. [More in this series]
• The Aaron Wildavsky forum for public policy ; 4

Summary note

With a timely new foreword by Robert Frank, this groundbreaking book explores the very meaning of happiness and prosperity in America today. 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. 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 pr.

Bibliographic references

Includes bibliographical references (pages 133-140) and index.

ISBN

• 9780520957435 ((electronic bk.))
• 0520957431 ((electronic bk.))

OCLC

859156244

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