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Not Keeping Up with Our Parents: The Decline of the Professional Middle Class
Not Keeping Up with Our Parents The Decline of the Professional Middle Class Author:Nan Mooney Already garnering coverage in U.S. News and World Report, the Washington Post, Newsweek, Salon, and Utne Reader, and heard on NPR and PBS, Nan Mooney draws on more than a hundred interviews with diverse families across America and shows how profoundly middle class realities have shifted. Consider, for example, why 90 percent of those filing for ... more »bankruptcy are middle class: The share of family income devoted to ?fixed costs??housing, child care, health insurance, and taxes?has climbed from 53 percent to 75 percent in the past two decades. College tuition has increased 35 percent in the past five years while credit card debt has risen 31 percent. Despite this sobering reality, Mooney offers concrete ideas on how we can stop this downward spiral.« less