Declining Fortunes: The Withering Of The American Dream - Hardcover

Newman, Katherine S.

3.6

10 ratings by Goodreads

9780465015931: Declining Fortunes: The Withering Of The American Dream

Hardcover

ISBN 10: 046501593X ISBN 13: 9780465015931

Publisher: Basic Books, 1993

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Shedding new light on downward mobility and the politics of resentment, the author of Falling from Grace describes the damage that economic decline has done to the people of America. $25,000 ad/promo.

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From Kirkus Reviews:

Columbia anthropologist Newman (Falling from Grace, 1988) fords the Hudson River and discovers suburbia--as well as a shrieking discontent that will surprise few. ``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 time: Despite their college educations and tenacious work habits, they are unable to give their children many of the advantages--large homes, full- time mothers, good schools--that they received as a matter of course from their own, far less privileged, parents. Most of them, in fact, can no longer afford to live in Pleasanton--a modest postwar commuter town whose property values went through the ceiling in the 1980's and never came down. The yuppie newcomers- -especially the ``wealthy Asians''--hold themselves aloof from the natives and are largely despised. Newman backs up her interviews with statistics confirming the decline in ``living standards'' that her subjects speak of--the rise in unemployment, the slow decline of real wages, the realignment of tax rates--but it's hard to see where she breaks any new ground or offers any substantial remedy. Even her methodology seems skewed--there is, for example, no consideration given to the theory that the postwar boom was an anomaly that could never have been sustained. The interviews themselves are interesting but hardly illustrative, especially since the complaints voiced in them have been a matter of public debate for years. Rambling oral history without much at the core. -- Copyright �1993, Kirkus Associates, LP. All rights reserved.

From Publishers Weekly:

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. An important, perspicacious look at America's shrinking middle class, her study determines that occupational insecurity, high housing prices and the cost-of-living squeeze affect this generation's most personal decisions--such as whether or when to have children--besides increasing friction between spouses and antagonism toward racial minorities, particularly affluent Asian newcomers. Newman ( Falling from Grace: The Downward Mobility of the Middle Class ) perceives a dichotomy between liberal older boomers who came of age in the 1960s and the more conservative younger boomers beset by frustration, envy and a sense of helplessness. The baby-boom generation, she predicts, could become the most powerful political-interest group in the Clinton era. Major ad/promo; author tour.
Copyright 1993 Reed Business Information, Inc.

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