A Double Squeeze on the Middle Class

This paper examines how consumer debt impacts middle-class households. Interest payments on this debt reduce spendable income and household living standards. We argue that it is necessary to account for interest payments on consumer debt when measuring income inequality and the size of the middle cl...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of economic issues 2011-06, Vol.45 (2), p.333-341
Hauptverfasser:	Scott, Robert H, Pressman, Steven
Format:	Artikel
Sprache:	eng
Schlagworte:	Consumers Cost and standard of living Debt Economic policy Economics Equality Households Income Income distribution Middle classes Payment Surveys
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!