More than one-third of Americans could not sustain a basic
livelihood without government assistance. Almost 60 percent of
seniors are dependent on the government. Why is this? This book
examines how the U.S. economy's failure to deliver high-quality,
universally accessible basic necessities is creating acute
financial insecurity among the American middle class. Over the past
30 years, America's middle class has grown more financially
insecure. How much of this pressing problem is due to Americans'
failure to restrain their spending versus their upwards
spiraling—and increasingly necessary—expenditures on health
care, education, and housing? And how can Americans choose between
financial security and paying for essentials on a day-to-day basis?
This book answers these tough questions and many more in its
evaluation of a complex and contentious issue: how basic expenses
of life in the 21st century are bankrupting American families. The
book begins with a snapshot of U.S. household finances, an
assessment of financial insecurity's prevalence across the nation,
and a description of how American households have declined into
their present precarious economic situation over the last three
decades. The author's analysis then looks at how European countries
pursue policies that make these essentials highly accessible and
postulates that the socialization of these essentials in other
countries has helped to solidify household finances and maintain
living standards. The work uniquely focuses on the plight of the
middle class in America to provide relevant, useful information to
help as many readers as possible to better understand and improve
their own financial situations.
General
Imprint: |
Praeger Publishers Inc
|
Country of origin: |
United States |
Release date: |
April 2017 |
Authors: |
Joseph Nathan Cohen
|
Dimensions: |
235 x 156 x 20mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
224 |
ISBN-13: |
978-1-4408-3221-5 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
1-4408-3221-8 |
Barcode: |
9781440832215 |
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