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The Fragile Middle Class: Americans in Debt

Teresa A. Sullivan, Elizabeth Warren, Jay Lawrence Westbrook




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 | #1138973 in eBooks |  2000-03-11 |  2000-03-11 | File type: PDF

||5 of 5 people found the following review helpful.| Further Insight Into The Demography of Bankruptcy|By Gregory McMahan|In some ways, this is the authors' companion book to their excellent book, As We Forgive Our Debtors. The Fragile Middle Class is less academic than As We Forgive Our Debtors and focuses more on the people who fall into bankruptcy and less on the economics and supporting cast of players (creditors and legal|From Publishers Weekly|A sizable portion of the U.S. middle class--far more than pundits acknowledge--teeters on the brink of economic failure, according to this fascinating, alarming study. Noting that personal bankruptcies have hit record levels (more than one

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 im...

You can specify the type of files you want, for your device.The Fragile Middle Class: Americans in Debt   |  Teresa A. Sullivan, Elizabeth Warren, Jay Lawrence Westbrook.Not only was the story interesting, engaging and relatable, it also teaches lessons.

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