Money: Who Has How Much and Why
To the question "Are the rich getting richer?" Hacker notes that in 1979, 13,505 individuals or families earned the equivalent of $1 million per year. Only fifteen years later, that number had jumped to an incredible 68,064. The last few decades have indeed witnessed the rise of the "$1 Million a Year" American. The rich are getting richer, and more people are joining their ranks, but the lower income echelon is not dwindling. One in five children currently live in households where the annual income is below $15,000.
Hacker uses his mastery with statistics and authoritative analysis to show how a changing economy is affecting our lives and how, in turn, our decisions are changing the shape of the economy. And he looks ahead, confronting our greatest uncertainties about our futures and the futures of our children. Shattering all the taboos we have on the subjects of wealth, poverty, worth, and greed, Money is essential reading for anyone who wants to know more about their slice of the American pie.
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To the question "Are the rich getting richer?" Hacker notes that in 1979, 13,505 individuals or families earned the equivalent of $1 million per year. Only fifteen years later, that number had jumped to an incredible 68,064. The last few decades have indeed witnessed the rise of the "$1 Million a Year" American. The rich are getting richer, and more people are joining their ranks, but the lower income echelon is not dwindling. One in five children currently live in households where the annual income is below $15,000.
Hacker uses his mastery with statistics and authoritative analysis to show how a changing economy is affecting our lives and how, in turn, our decisions are changing the shape of the economy. And he looks ahead, confronting our greatest uncertainties about our futures and the futures of our children. Shattering all the taboos we have on the subjects of wealth, poverty, worth, and greed, Money is essential reading for anyone who wants to know more about their slice of the American pie.
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Book details
- Hardcover | 254 pages
- English
- 0684196468
- 9780684196466
About Andrew Hacker
Andrew Hacker, the author of more than 10 books, including the New York Times best-seller, "Two Nations, Black and White, Separate, Hostile, Unequal" and "Higher Education? How Colleges are Failing Our Kids and What We Can Do About it (with Claudia Dreifus) He holds degrees from Amherst College, Oxford College and Princeton University.
His essays appear in the New York Review of Books, the New York Times opinion page and the Chronicle of Higher Education.
Dr. Hacker is a professor of political science at Queens College in New York. His latest book, "The Math Myth and Other Stem Delusions" is, in part, based on his experiences in teaching a self-designed course in everyday quantative literarcy to a hardworking and tenancious group of Queens College freshman.
He lives in New York City.
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