American society has reneged on its promise to the baby-boom generation. Young people for the first time find themselves unable to duplicate, let alone surpass, their own parents' standard of living. Declining Fortunes sheds new light on a driving issue of our day: downward mobility and the politics of resentment.
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I had to read this for a Sociology class on 'Status, Power, and Class'. It was very good because it didn't just focus on statistics, but on families. Generations who started out wealthy in the 50s, but the younger generation can not make it with the rise in income and gap in inequality.