Franklin

The Fragile Middle Class : Americans in Debt.

Author/Creator:
Sullivan, Teresa A.
Publication:
New Haven : Yale University Press, 2000.
Format/Description:
Book
1 online resource (399 pages)
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Subjects:
Bankruptcy -- United States.
Consumer credit -- United States.
Finance, Personal -- United States.
Form/Genre:
Electronic books.
Summary:
Since 1997, the number of American families filing for federal bankruptcy annually has exceeded one million. By most measures, those who file are members of the middle class-a group that has long provided stability and vitality for the American economic system. This raises the troubling question: why, during the most remarkable period of prosperity in our history, are unprecedented numbers of Americans encountering such serious financial trouble? The authors of this important book analyze court records and demographic data on thousands of bankruptcy cases, as well as debtors' own poignant accounts of the reasons for their bankruptcies. For many middle-class Americans, the findings show, financial stability is fragile-almost any setback can be disastrous. The erosion of job stability, divorce and family instability, the visible and invisible costs of medical care, the burden of home ownership, and the staggering weight of consumer debt financed with plastic combine to threaten the financial security of growing numbers of middle-class families. The authors view the bankruptcy process in the light of changing cultural and economic factors and consider what this may signify for the future of a large, secure, and dynamic middle class.
Contents:
Intro
Contents
List of Illustrations
List of Tables
Preface
Chapter 1: Americans in Financial Crisis
Chapter 2: Middle-Class and Broke: The Demography of Bankruptcy
Chapter 3: Unemployed or Underemployed
Chapter 4: Credit Cards
Chapter 5: Sickness and Injury
Chapter 6: Divorce
Chapter 7: Housing
Chapter 8: The Middle Class in Debt
Appendix 1: Data Used in This Study
Appendix 2: Other Published Studies
Notes
Index.
Notes:
Description based on publisher supplied metadata and other sources.
Local notes:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2021. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Contributor:
Warren, Elizabeth.
Westbrook, Jay Lawrence.
Sullivan, Teresa A., IV.
Other format:
Print version: Sullivan, Teresa A. The Fragile Middle Class
ISBN:
9780300128147
9780300079609
OCLC:
923588650