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The Erosion of Middle-Class Economic Security After 2001

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  • Christian Weller

Abstract

This economist presents a variety of ways of measuring how security has been reduced in the 2000s. How well can middle-class Americans withstand financial emergencies—a bout of unemployment, for example, or a medical emergency? He finds that the gains in security of the late 1990s were eroded entirely in the 2000s.

Suggested Citation

  • Christian Weller, 2008. "The Erosion of Middle-Class Economic Security After 2001," Challenge, Taylor & Francis Journals, vol. 51(1), pages 45-68.
    • Handle: RePEc:mes:challe:v:51:y:2008:i:1:p:45-68
    DOI: 10.2753/0577-5132510103
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    References listed on IDEAS

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    1. Joanna Stavins, 2000. "Credit card borrowing, delinquency, and personal bankruptcy," New England Economic Review, Federal Reserve Bank of Boston, issue Jul, pages 15-30.
    2. Ian Domowitz & Robert L. Sartain, 1999. "Determinants of the Consumer Bankruptcy Decision," Journal of Finance, American Finance Association, vol. 54(1), pages 403-420, February.
    3. Jonathan Fisher, 2004. "Marital status and the decision to file for personal bankruptcy: A duration model approach," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 28(3), pages 348-360, September.
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    Cited by:

    1. Steven Pressman, 2009. "Public Policies and the Middle Class throughout the World in the Mid 2000s," LIS Working papers 517, LIS Cross-National Data Center in Luxembourg.
    2. Katherine Baird, 2014. "The US Safety Net in an Era of Middle Class Decline: Has it drifted from the poor?," LIS Working papers 617, LIS Cross-National Data Center in Luxembourg.

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