Declining Fortunes by Katherine S. Newman
The Withering of the American Dream

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In the tradition of The Overworked American comes a book that sheds new light on the driving issue of our day: downward mobility and the politics of resentment. Based on years of research and candid interviews among postwar parents and their baby-boom children, here is an unblinking look at the damage economic decline has done.

About Katherine S. Newman

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Katherine S. Newman is James B. Knapp Dean of the Arts and Sciences at Johns Hopkins University. Among her many books are "Falling From Grace, No Shame in My Game, Rampage" and "The Missing Class: Portraits of the Near Poor in America". Rourke L. O Brien is a graduate student in sociology and social policy at Princeton University and a non-resident fellow of the New America Foundation.
Published May 1, 1993 by Basic Books. 272 pages
Genres: Political & Social Sciences, Business & Economics. Non-fiction

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``In the decades that followed the Great Depression,'' according to Newman, ``Americans came to assume that prosperity was their birthright....The economic realities of the 1980s and 1990s have crushed these expectations.'' The younger residents of Pleasanton, New Jersey, have known this for some...

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Publishers Weekly

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To find out how economic decline and downward mobility have shaped the personal problems, marital conflicts and expectations of postwar baby-boomers, Columbia University anthropologist Newman interviewed some 150 residents of a typical New Jersey suburb.

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