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portada America's Shrinking Middle Class
Type
Physical Book
Author
Publisher
Language
English
Pages
338
Format
Hardcover
Dimensions
22.9x15.2x2.2 cm
Weight
0.65 kg.
ISBN13
9781491870754
Categories

America's Shrinking Middle Class

Ph. D. Vahab Aghai (Author) · Authorhouse · Hardcover

America's Shrinking Middle Class - Aghai, Ph. D. Vahab

New Book Imported to Taiwan
Delivery: 03 Nov - 11 Nov Shipping: 6 to 7 business days.
NT$ 1,089
NT$ 1,089

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Synopsis "America's Shrinking Middle Class"

What does a middle class nation do without a middle class? An abundance of evidence suggests that we here in the United States are about to find out. America's Shrinking Middle Class documents trends that have been building not just since the Great Recession, but for over four decades. In 1970, the share of U.S. income that went to the middle class was 62 percent. By 2010 that figure had fallen to 45 percent. In that same year, the median income for middle class Americans had gone from $72,956 to $69,487 a decline of nearly 5 percent in just one year. A shrinking middle class would mean a shrinking economy and an America dominated by a growing lower class. Life would be less comfortable, less prosperous, and less secure. With less money coming in to government and businesses alike, tax burdens would become onerous. One example: Obamacare. It could cost the average taxpayer nearly $6,000 in extra taxes and create a total of 20 new taxes or tax hikes. For a weakened and shrinking middle class, it could be a fatal blow.

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