ABSTRACT

Based on income alone, nearly half of all adults in the United States can be considered "middle class," complete with the reassurance of a steady job, the ability to raise a family, and the comforts of owning a home. And yet, for many, because of structural forces reshaping the finances of the American middle class, the margin between a stable life and a fragile one is narrowing. 

The new edition of Middle-Class Meltdown in America: Causes, Consequences, and Remedies tells the story of the struggling American middle class by weaving together sociological and economical research, personalized portraits and examples, and a profusion of current data illustrating significant social, economic, and political trends. The authors extend their analysis to include the COVID-19 pandemic, a focus on the effect of race and ethnicity, as well as the ever-increasing costs of housing, health care, and education.

In clear, accessible writing, the authors provide a sociological and balanced understanding of the causes and implications of increasing middle class precarity. Middle-Class Meltdown in America is particularly well-suited for courses in sociology, economics, political science, anthropology, and American Studies.

chapter 1|14 pages

The Illusion of Middle Class Prosperity

chapter 2|16 pages

The Struggling Middle Class

chapter 4|18 pages

Robbing the Productivity Train

chapter 5|26 pages

Where Did All that Credit Come from?

chapter 6|26 pages

From Washington to Wall Street

Marketing the Illusion

chapter 7|23 pages

The Great Recession of 2008–2009 and the COVID Recession of 2020–2021

The Illusion Exposed

chapter 8|20 pages

The Consequences of Middle Class Meltdown