The Fragile Middle Class: Americans in Debt

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Yale University Press, 2000 - Business & Economics - 380 pages
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More than a million American families now file for federal bankruptcy annually, & many more are perilously close to financial disaster. In this important analysis of hard-pressed families, recently featured in articles in Newsweek, Forbes, Chronicle of Higher Education, & the New York Times, the authors discover that financial stability for many middle-class Americans is all too fragile. The authors consider the changing cultural & economic factors that threaten financial security & what they imply for the future vitality of the middle class.

  

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The fragile middle class: Americans in debt

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Following up the authors' 1989 As We Forgive Our Debtors: Bankruptcy and Consumer Credit in America, winner of the American Bar Association Silver Gavel Award, this book considers the middle class in ... Read full review

Contents

IV
1
V
27
VI
75
VII
108
VIII
141
IX
172
X
199
XI
238
XII
263
XIII
288
XIV
297
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About the author (2000)

Teresa A. Sullivan is Vice President and Graduate Dean and professor of sociology at the University of Texas at Austin.

Elizabeth Warren worked as an elementary school teacher, a lawyer, and a law professor at Harvard University. She is the senior senator from Massachusetts. In the aftermath of the 2008 financial crisis, she served as Chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP). Her efforts to protect taxpayers, to hold Wall Street accountable, and to ensure tough oversight of both the Bush and Obama Administrations won praise from both sides of the aisle. The Boston Globe named her Bostonian of the Year in 2009 for her oversight efforts. She helped created the Consumer Financial Protection Bureau. She is also the author of numerous books including All Your Worth: The Ultimate Lifetime Money Plan, The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke, and A Fighting Chance.

Jay Lawrence Westbrook is Benno C. Schmidt Chair of Business Law at the University of Texas School of Law.

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