America's Shrinking Middle Class
Language: English
Published by Authorhouse Aug 2014, 2014
- Hardcover
- New
Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH
AbeBooks seller since August 14, 2006
Condition: New
£ 39.62
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Add to basketItem description from seller
Neuware - 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.…
Seller Inventory # 9781491870754
- Title
- America's Shrinking Middle Class
- Author
- Vahab Aghai
- Publisher
- Authorhouse Aug 2014
- Publication year
- 2014
- Condition
- Neu
- Binding
- Buch
- Language
- English
- ISBN 10
- 1491870753
- ISBN 13
- 9781491870754
- Item weight
- 715 grams
- Dimensions
- 235x157x24 mm
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.
"Synopsis" may belong to another edition of this title.
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