American Dream Dying: The Changing Economic Lot of the Least Advantaged

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Rowman & Littlefield, 2010 - Business & Economics - 127 pages
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This book is based upon two premises. The first is that the pervasiveness of the withering of the American Dream is a story with which few Americans are familiar. They are familiar with recent difficulties of the middle class, but know little about how the "Dream" has been disappearing over the past three decades for those lower down the income scale.
The second premise is that this story can only be told using aggregate data, not anecdotes. The text is short, free of jargon, and can easily be covered in a few hours. For many readers, however, the careful scrutiny of a succession of graphs will be an unfamiliar and demanding task. The key word in the previous sentence is "careful." Only with such scrutiny can the magnitude of the transformation under way be fully grasped. With that grasp will come, at minimum, a sense of profound unease if not outright alarm.
 

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Contents

Standard of Living
9
Mobility
41
Aggregate Growth
57
Distribution
73
Fiscal Constraints
87
Works Cited
113
About the Authors
127
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About the author (2010)

Peter D. McClelland is emeritus professor of economics at Cornell University and the author and editor of numerous books, including The State of Americans: This Generation and the Next, The American Search for Economic Justice, and Crisis in the Making; The Political Economy of New York State since 1945. Peter Tobin is a Ph.D. candidate in engineering and applied science at Yale University.

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