Are young American families finding it harder to get ahead economically than their parents did? This major study addresses the important issue of widening inequality both between generations and among families within the younger generation. The combination of slowing income and wealth growth has hit young families harder than families with at least some college education, black families harder than white families. These trends are projected to continue. Must reading for people interested in economic inequality and the well-being of American families.
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Editorial Reviews
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Few names are as well known on the important subject of U.S. income distribution as that of Frank Levy, who with coauthor Michel makes the data come alive in an important work that will serve as a useful reference for some time....A must for any comprehensive library. (CHOICE )
...a lucid, compact analysis of the way families fared in the turbulent economy of the 1970s and 1980s. But [the authors'] boldest and most original work is an educated guess about the way today's younger families will manage the next few decades. (The New York Times )
...provides a thorough overview of family income and wealth trends that will enlighten anyone seeking a nontechnical discussion of topics relating to economic inequality. (Industrial and Labor Relations Review )
Michel and Levy provide a clear if bleak portrait of our current national economic scene from a statistically based, social science point of view. (The Collective Voice )
A brilliant analysis of how Americans have accumulated wealth. A timely book that explains the growing disparity between rich and poor and what policy-makers can do to close the gap. (Robert F. Black The Collective Voice )
...a lucid, compact analysis of the way families fared in the turbulent economy of the 1970s and 1980s. But [the authors'] boldest and most original work is an educated guess about the way today's younger families will manage the next few decades. (The New York Times )
...provides a thorough overview of family income and wealth trends that will enlighten anyone seeking a nontechnical discussion of topics relating to economic inequality. (Industrial and Labor Relations Review )
Michel and Levy provide a clear if bleak portrait of our current national economic scene from a statistically based, social science point of view. (The Collective Voice )
A brilliant analysis of how Americans have accumulated wealth. A timely book that explains the growing disparity between rich and poor and what policy-makers can do to close the gap. (Robert F. Black The Collective Voice )
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