作者
Michael Nau, Matthew Soener
发表日期
2019/7/1
期刊
Socio-Economic Review
卷号
17
期号
3
页码范围
523-544
出版商
Oxford University Press
简介
American families have become less economically secure in recent decades, and this process accelerated during the 2008 financial crisis and its immediate aftermath. This study investigates how the crisis apportioned income precarity among families compared to pre-crisis years. We use the Survey of Consumer Finances and find that working families suffered the preponderance of income losses from the crisis, although the crisis shifted income losses towards more privileged working families. In fact, middle-income working families now have the same level of income precarity as the working poor, and families in the top income quintile continue to have elevated precarity levels. This result indicates that the middle class continues to bear a growing share of economic risk and that all working families are experiencing heightened insecurity in the post-crisis era.
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