High Wire

The Precarious Financial Lives of American Families

by: Peter Gosselin

in: Sociology

Summary:

The book examines the increasing financial risks that American families face, such as job insecurity, fluctuating incomes, and the erosion of social safety nets. It explores the shift of financial burdens from the government and corporations onto individuals, highlighting the challenges of managing economic uncertainty in daily life.

Key points:

1. Middle-class American families face growing economic instability, with many at risk of financial trouble after one unexpected event due to job insecurity, stagnant wages, and weaker social safety nets.

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