The Vanishing American Dream: A Frank Look at the Economic Realities Facing Middle- And Lower-Income Americans

The Vanishing American Dream: A Frank Look at the Economic Realities Facing Middle- And Lower-Income Americans

Author: Gene Ludwig

Publisher: Disruption Books

Published: 2022-03-29

Total Pages: 275

ISBN-13: 9781633310636

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As America struggles to point its way out of the COVID-19 pandemic, we can't lose sight of the economic problems that existed before the crisis. Even when the unemployment rate was near record lows and the stock market near record highs, the gap between low- and moderate-income Americans and their wealthier counterparts had become unconscionably wide. A future economic recovery presents an opportunity to address this deeper, troubling challenge and to rectify the economic injustice that threatens so many Americans.In 2019, founder and CEO of Promontory Financial Group Gene Ludwig gathered a bipartisan group of the nation's foremost economic thinkers -- academics and politicians, CEOs and former presidential advisors -- to break with convention and candidly discuss that widening gap. The Vanishing American Dream: A Frank Look at the Economic Realities Facing Middle- and Lower-Income Americans comes from their insights.The opportunity to rebuild our economy should inspire the most important conversations and ideas of our time. The dialogue captured in this book provides broad and experienced perspectives on inequality and policy shortcomings, along with examples of ideas that have successfully narrowed the wealth gap, from government investment to the role of the private sector. As we remap our economy, we have an opportunity to rebuild the American Dream for the long-term.Combining expertise with optimism, The Vanishing American Dream invites readers to take a seat at the table for a bracing look at the road back to widespread opportunity, security, and prosperity.With Contributions By: Sarah Bloom Raskin, Glenn Hubbard, Deval Patrick, Robert Shiller, Larry Summers, Luke Bronin, Daryl Byrd, Oren Cass, Jacob Hacker Heather Gerken, Susan Krause Bell, Andrea Levere, Zachary Liscow, Jonathan Macey, Daniel Markovits, Mary Miller, Michael Moskow, David Newville, Steven Pearlstein, Isabel Sawhill, Jay Shambaugh, Anika Singh Lemar, and Andrew Tisch.


Book Synopsis The Vanishing American Dream: A Frank Look at the Economic Realities Facing Middle- And Lower-Income Americans by : Gene Ludwig

Download or read book The Vanishing American Dream: A Frank Look at the Economic Realities Facing Middle- And Lower-Income Americans written by Gene Ludwig and published by Disruption Books. This book was released on 2022-03-29 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: As America struggles to point its way out of the COVID-19 pandemic, we can't lose sight of the economic problems that existed before the crisis. Even when the unemployment rate was near record lows and the stock market near record highs, the gap between low- and moderate-income Americans and their wealthier counterparts had become unconscionably wide. A future economic recovery presents an opportunity to address this deeper, troubling challenge and to rectify the economic injustice that threatens so many Americans.In 2019, founder and CEO of Promontory Financial Group Gene Ludwig gathered a bipartisan group of the nation's foremost economic thinkers -- academics and politicians, CEOs and former presidential advisors -- to break with convention and candidly discuss that widening gap. The Vanishing American Dream: A Frank Look at the Economic Realities Facing Middle- and Lower-Income Americans comes from their insights.The opportunity to rebuild our economy should inspire the most important conversations and ideas of our time. The dialogue captured in this book provides broad and experienced perspectives on inequality and policy shortcomings, along with examples of ideas that have successfully narrowed the wealth gap, from government investment to the role of the private sector. As we remap our economy, we have an opportunity to rebuild the American Dream for the long-term.Combining expertise with optimism, The Vanishing American Dream invites readers to take a seat at the table for a bracing look at the road back to widespread opportunity, security, and prosperity.With Contributions By: Sarah Bloom Raskin, Glenn Hubbard, Deval Patrick, Robert Shiller, Larry Summers, Luke Bronin, Daryl Byrd, Oren Cass, Jacob Hacker Heather Gerken, Susan Krause Bell, Andrea Levere, Zachary Liscow, Jonathan Macey, Daniel Markovits, Mary Miller, Michael Moskow, David Newville, Steven Pearlstein, Isabel Sawhill, Jay Shambaugh, Anika Singh Lemar, and Andrew Tisch.

The Vanishing American Dream

The Vanishing American Dream

Author: Gene Ludwig

Publisher:

Published: 2020-05-12

Total Pages: 275

ISBN-13: 9781633310445

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The American Dream is perhaps our nation's single common belief. It represents the opportunity to improve our economic standing generation upon generation, whether from poverty to comfort or beyond. From Horatio Alger to Oprah Winfrey, the Dream gives us collective hope. The prevailing economic analysis for 2019 portrays a humming economy, one that should be able to support a path to prosperity for anyone willing to do their part. But in reality, traditional economic measures like the unemployment rate and GDP are masking a crisis for millions of lower- and middle-income families. For them, economic injustice has never been greater. They struggle to afford health care, housing, and education as they work jobs that cannot provide the chances they need to reverse this downward slide. It's easy enough to offer prosaic explanations for the decline of opportunity: Factories closed. Globalization pushed corporations to send the jobs overseas. Racism abounds. But for those who really want to understand what's going on, those more answers only prompt more thoughtful questions. To begin to answer those questions, Gene Ludwig invited some of the most sophisticated minds from across the political spectrum to gather in a closed setting at Yale Law School in the spring of 2019. They included policy makers, journalists, academics, and business leaders--without media or scripts. No matter their affiliation, the participants all agreed: What had once been the American dream has become an elusive myth. But how can the economy report positive growth while so many suffer? And how do we reverse their trajectory? The Vanishing American Dream documents this rare, candid conversation and offers a forum on solutions to revive the Dream for all Americans. With Contributions By: Sarah Bloom Raskin, Glenn Hubbard, Deval Patrick, Robert Shiller, Larry Summers, Luke Bronin, Daryl Byrd, Oren Cass, Jacob Hacker Heather Gerken, Susan Krause Bell, Andrea Levere, Zachary Liscow, Jonathan Macey, Daniel Markovits, Mary Miller, Michael Moskow, David Newville, Steven Pearlstein, Isabel Sawhill, Jay Shambaugh, Anika Singh Lemar, and Andrew Tisch.


Book Synopsis The Vanishing American Dream by : Gene Ludwig

Download or read book The Vanishing American Dream written by Gene Ludwig and published by . This book was released on 2020-05-12 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: The American Dream is perhaps our nation's single common belief. It represents the opportunity to improve our economic standing generation upon generation, whether from poverty to comfort or beyond. From Horatio Alger to Oprah Winfrey, the Dream gives us collective hope. The prevailing economic analysis for 2019 portrays a humming economy, one that should be able to support a path to prosperity for anyone willing to do their part. But in reality, traditional economic measures like the unemployment rate and GDP are masking a crisis for millions of lower- and middle-income families. For them, economic injustice has never been greater. They struggle to afford health care, housing, and education as they work jobs that cannot provide the chances they need to reverse this downward slide. It's easy enough to offer prosaic explanations for the decline of opportunity: Factories closed. Globalization pushed corporations to send the jobs overseas. Racism abounds. But for those who really want to understand what's going on, those more answers only prompt more thoughtful questions. To begin to answer those questions, Gene Ludwig invited some of the most sophisticated minds from across the political spectrum to gather in a closed setting at Yale Law School in the spring of 2019. They included policy makers, journalists, academics, and business leaders--without media or scripts. No matter their affiliation, the participants all agreed: What had once been the American dream has become an elusive myth. But how can the economy report positive growth while so many suffer? And how do we reverse their trajectory? The Vanishing American Dream documents this rare, candid conversation and offers a forum on solutions to revive the Dream for all Americans. With Contributions By: Sarah Bloom Raskin, Glenn Hubbard, Deval Patrick, Robert Shiller, Larry Summers, Luke Bronin, Daryl Byrd, Oren Cass, Jacob Hacker Heather Gerken, Susan Krause Bell, Andrea Levere, Zachary Liscow, Jonathan Macey, Daniel Markovits, Mary Miller, Michael Moskow, David Newville, Steven Pearlstein, Isabel Sawhill, Jay Shambaugh, Anika Singh Lemar, and Andrew Tisch.

America the Great and Its Self-Destruction

America the Great and Its Self-Destruction

Author: Wei Bin Zhang

Publisher: Algora Publishing

Published: 2021-10-01

Total Pages: 272

ISBN-13: 1628944781

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The accelerating self-destruction of the United States cannot be hidden when the loss of productivity, loss of faith in government, enflamed identity politics and social fragmentation are constant and are clearly documented. Any national assessment should be grounded in facts, and Prof. Zhang provides a plethora of economic data as a baseline for discussion. The figures and graphs reveal many sides of America that we may generally miss. In addition, Chinese and other Asians familiar with ancient Confucianism have their own sources of wisdom and commentary to guide them in assessing how they and their neighbors think and behave. Here, a Chinese academic familiar with both worlds shares his impressions and his conclusions. Prof. Zhang juxtaposes the political, economic and cultural behavior of America with sparkling quotes from Confucius, Mencius, Xun Zi, as well as Western classical thinkers from Plato to Quesnay and Weber. The book gives us a new perspective on our country — with insights as well from Chaos Theory. In this book we explore how the basic concepts of the yin-yang vision, and socioeconomic chaos theory, can help us understand American civilization, what it represents, and the natural cycles it is going through. Confucianism is more rationalist and sober, in the sense of the absence and the rejection of all non-utilitarian yardsticks, than any other ethical system, with the possible exception of J. Bentham’s. The author presents data on American economic and social trends, and systematically compares the basic ideas of Confucius and Adam Smith. These are interwoven with hundreds of pithy observations on America from a wide spectrum of commentators, from intellectual lumaries to Hollywood stars. The aim of studying the history of human societies, the author says, is to find the equations, i.e., mechanisms, of historical evolution; by stepping back to view events from different perspectives he seeks to present America as an organic whole, going beyond a partial, one-sided view of history — neither the patrician perspective nor that of the workers and the poor. The book is basically an application of the author’s general theory on socioeconomic evolution to provide some insights into America’s evolution by viewing it under an alternative ethical system (ancient Confucianism), with insights from chaos theory.


Book Synopsis America the Great and Its Self-Destruction by : Wei Bin Zhang

Download or read book America the Great and Its Self-Destruction written by Wei Bin Zhang and published by Algora Publishing. This book was released on 2021-10-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The accelerating self-destruction of the United States cannot be hidden when the loss of productivity, loss of faith in government, enflamed identity politics and social fragmentation are constant and are clearly documented. Any national assessment should be grounded in facts, and Prof. Zhang provides a plethora of economic data as a baseline for discussion. The figures and graphs reveal many sides of America that we may generally miss. In addition, Chinese and other Asians familiar with ancient Confucianism have their own sources of wisdom and commentary to guide them in assessing how they and their neighbors think and behave. Here, a Chinese academic familiar with both worlds shares his impressions and his conclusions. Prof. Zhang juxtaposes the political, economic and cultural behavior of America with sparkling quotes from Confucius, Mencius, Xun Zi, as well as Western classical thinkers from Plato to Quesnay and Weber. The book gives us a new perspective on our country — with insights as well from Chaos Theory. In this book we explore how the basic concepts of the yin-yang vision, and socioeconomic chaos theory, can help us understand American civilization, what it represents, and the natural cycles it is going through. Confucianism is more rationalist and sober, in the sense of the absence and the rejection of all non-utilitarian yardsticks, than any other ethical system, with the possible exception of J. Bentham’s. The author presents data on American economic and social trends, and systematically compares the basic ideas of Confucius and Adam Smith. These are interwoven with hundreds of pithy observations on America from a wide spectrum of commentators, from intellectual lumaries to Hollywood stars. The aim of studying the history of human societies, the author says, is to find the equations, i.e., mechanisms, of historical evolution; by stepping back to view events from different perspectives he seeks to present America as an organic whole, going beyond a partial, one-sided view of history — neither the patrician perspective nor that of the workers and the poor. The book is basically an application of the author’s general theory on socioeconomic evolution to provide some insights into America’s evolution by viewing it under an alternative ethical system (ancient Confucianism), with insights from chaos theory.

Touched By This Place

Touched By This Place

Author: Valentín, Benjamín

Publisher: Orbis Books

Published: 2024-06-12

Total Pages: 230

ISBN-13:

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Book Synopsis Touched By This Place by : Valentín, Benjamín

Download or read book Touched By This Place written by Valentín, Benjamín and published by Orbis Books. This book was released on 2024-06-12 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Chasing the American Dream

Chasing the American Dream

Author: Mark R. Rank

Publisher: Oxford University Press

Published: 2014-05

Total Pages: 234

ISBN-13: 0195377915

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In this book the authors show that the risk of economic vulnerability has been increasing substantially over the past four decades, and argue that while not unattainable, the American Dream - as we currently define it - is becoming harder to reach and harder still to keep.


Book Synopsis Chasing the American Dream by : Mark R. Rank

Download or read book Chasing the American Dream written by Mark R. Rank and published by Oxford University Press. This book was released on 2014-05 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book the authors show that the risk of economic vulnerability has been increasing substantially over the past four decades, and argue that while not unattainable, the American Dream - as we currently define it - is becoming harder to reach and harder still to keep.

The Middle Classes in Latin America

The Middle Classes in Latin America

Author: Mario Barbosa Cruz

Publisher: Taylor & Francis

Published: 2022-07-13

Total Pages: 604

ISBN-13: 100060568X

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As a collective effort, this volume locates the formation of the middle classes at the core of the histories of Latin America in the last two centuries. Featuring scholars from different places across the Americas, it is an interdisciplinary contribution to the world histories of the middle classes, histories of Latin America, and intersectional studies. It also engages a larger audience about the importance of the middle classes to understand modernity, democracy, neoliberalism, and decoloniality. By including research produced from a variety of Latin American, North American, and other audiences, the volume incorporates trends in social history, cultural studies and discursive theory. It situates analytical categories of race and gender at the core of class formation. This volume seeks to initiate a critical and global conversation concerning the ways in which the analysis of the middle classes provides crucial re-readings of how Latin America, as a region, has historically been understood.


Book Synopsis The Middle Classes in Latin America by : Mario Barbosa Cruz

Download or read book The Middle Classes in Latin America written by Mario Barbosa Cruz and published by Taylor & Francis. This book was released on 2022-07-13 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a collective effort, this volume locates the formation of the middle classes at the core of the histories of Latin America in the last two centuries. Featuring scholars from different places across the Americas, it is an interdisciplinary contribution to the world histories of the middle classes, histories of Latin America, and intersectional studies. It also engages a larger audience about the importance of the middle classes to understand modernity, democracy, neoliberalism, and decoloniality. By including research produced from a variety of Latin American, North American, and other audiences, the volume incorporates trends in social history, cultural studies and discursive theory. It situates analytical categories of race and gender at the core of class formation. This volume seeks to initiate a critical and global conversation concerning the ways in which the analysis of the middle classes provides crucial re-readings of how Latin America, as a region, has historically been understood.

The Promise of Whiteness

The Promise of Whiteness

Author: Martha R. Bireda

Publisher: Rowman & Littlefield

Published: 2022-06-22

Total Pages: 111

ISBN-13: 1475863578

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During this difficult time in our nation’s history, with the focus on “racial reckoning”, it is crucial that Americans understand when and how our “race-based hierarchy” came to be invented. The Promise of Whiteness: Its Past and Its Future explores the psycho-social impact of the promise of “whiteness” upon the past and present-day race relations in the United States. The “promise of whiteness”—which includes the “place”, “privilege” or advantages of whiteness, the “power” bestowed by whiteness, and the “protection” from punishment for violence toward blacks—is examined. Crucial to the book’s concept is a discussion of the psychological needs met by whiteness and the needs, fears, anxieties, and dissonance produced as well. Finally, the book questions if the “promise of whiteness” is still viable in America as it has evolved into a multiracial society, and recommends that Americans, as a nation, commit to an equal society for all members regardless of race or social class. This book expands on several chapters previously published in A Time for Change: How White Supremacy Ideology Harms All Americans.


Book Synopsis The Promise of Whiteness by : Martha R. Bireda

Download or read book The Promise of Whiteness written by Martha R. Bireda and published by Rowman & Littlefield. This book was released on 2022-06-22 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: During this difficult time in our nation’s history, with the focus on “racial reckoning”, it is crucial that Americans understand when and how our “race-based hierarchy” came to be invented. The Promise of Whiteness: Its Past and Its Future explores the psycho-social impact of the promise of “whiteness” upon the past and present-day race relations in the United States. The “promise of whiteness”—which includes the “place”, “privilege” or advantages of whiteness, the “power” bestowed by whiteness, and the “protection” from punishment for violence toward blacks—is examined. Crucial to the book’s concept is a discussion of the psychological needs met by whiteness and the needs, fears, anxieties, and dissonance produced as well. Finally, the book questions if the “promise of whiteness” is still viable in America as it has evolved into a multiracial society, and recommends that Americans, as a nation, commit to an equal society for all members regardless of race or social class. This book expands on several chapters previously published in A Time for Change: How White Supremacy Ideology Harms All Americans.

The American Dream vs. The Gospel of Wealth

The American Dream vs. The Gospel of Wealth

Author: Norton Garfinkle

Publisher: Yale University Press

Published: 2008-10-01

Total Pages: 240

ISBN-13: 030013780X

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Norton Garfinkle paints a disquieting picture of America today: a nation increasingly divided between economic winners and losers, a nation in which the middle-class American Dream seems more and more elusive. Recent government policies reflect a commitment to a new supply-side winner-take-all Gospel of Wealth. Garfinkle warns that this supply-side economic vision favors the privileged few over the majority of American citizens striving to better their economic condition. Garfinkle employs historical insight and data-based economic analysis to demonstrate compellingly the sharp departure of the supply-side Gospel of Wealth from an American ideal that dates back to Abraham Lincoln—the vision of America as a society in which ordinary, hard-working individuals can get ahead and attain a middle-class living, and in which government plays an active role in expanding opportunities and ensuring against economic exploitation. Supply-side economic policies increase economic disparities and, Garfinkle insists, they fail on technical, factual, moral, and political grounds. He outlines a fresh economic vision, consonant with the great American tradition of ensuring strong economic growth, while preserving the middle-class American Dream.


Book Synopsis The American Dream vs. The Gospel of Wealth by : Norton Garfinkle

Download or read book The American Dream vs. The Gospel of Wealth written by Norton Garfinkle and published by Yale University Press. This book was released on 2008-10-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Norton Garfinkle paints a disquieting picture of America today: a nation increasingly divided between economic winners and losers, a nation in which the middle-class American Dream seems more and more elusive. Recent government policies reflect a commitment to a new supply-side winner-take-all Gospel of Wealth. Garfinkle warns that this supply-side economic vision favors the privileged few over the majority of American citizens striving to better their economic condition. Garfinkle employs historical insight and data-based economic analysis to demonstrate compellingly the sharp departure of the supply-side Gospel of Wealth from an American ideal that dates back to Abraham Lincoln—the vision of America as a society in which ordinary, hard-working individuals can get ahead and attain a middle-class living, and in which government plays an active role in expanding opportunities and ensuring against economic exploitation. Supply-side economic policies increase economic disparities and, Garfinkle insists, they fail on technical, factual, moral, and political grounds. He outlines a fresh economic vision, consonant with the great American tradition of ensuring strong economic growth, while preserving the middle-class American Dream.

Economic Inequality

Economic Inequality

Author: Coral Celeste Frazer

Publisher: Twenty-First Century Books ™

Published: 2018-04-01

Total Pages: 128

ISBN-13: 1541521900

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Millions of Americans don't earn enough money to pay for decent housing, food, health care, and education. Increasingly, families and young people aren't doing better than their parents and grandparents before them. In fact, they're doing worse. And women and minorities earn less than white men. The American Dream is harder to achieve than ever before. Meanwhile, the rich keep getting richer. Many Americans are angry about economic inequality, and many are working on solutions. Readers will learn how state and local governments, businesses, and ordinary citizens—including young people—are fighting to close the gap between rich and poor, to preserve the promises of American democracy, and to give everyone a fair shot at the American Dream.


Book Synopsis Economic Inequality by : Coral Celeste Frazer

Download or read book Economic Inequality written by Coral Celeste Frazer and published by Twenty-First Century Books ™. This book was released on 2018-04-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Millions of Americans don't earn enough money to pay for decent housing, food, health care, and education. Increasingly, families and young people aren't doing better than their parents and grandparents before them. In fact, they're doing worse. And women and minorities earn less than white men. The American Dream is harder to achieve than ever before. Meanwhile, the rich keep getting richer. Many Americans are angry about economic inequality, and many are working on solutions. Readers will learn how state and local governments, businesses, and ordinary citizens—including young people—are fighting to close the gap between rich and poor, to preserve the promises of American democracy, and to give everyone a fair shot at the American Dream.

The Vanishing Middle Class, new epilogue

The Vanishing Middle Class, new epilogue

Author: Peter Temin

Publisher: MIT Press

Published: 2018-03-09

Total Pages: 288

ISBN-13: 0262535297

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Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.


Book Synopsis The Vanishing Middle Class, new epilogue by : Peter Temin

Download or read book The Vanishing Middle Class, new epilogue written by Peter Temin and published by MIT Press. This book was released on 2018-03-09 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.