A Century of Wealth in America Audiobook, by Edward N. Wolff Play Audiobook Sample

Download A Century of Wealth in America Audiobook

A Century of Wealth in America Audiobook, by Edward N. Wolff Play Audiobook Sample
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Author: Edward N. Wolff Narrator: Sean Runnette Publisher: Tantor Audio Audio Length: Release Date: October 2017 Format: Unabridged Audiobook Delivery: Instant Download ISBN: 9781541482449

Publisher Description

Understanding wealth in the United States—who has it, how they acquired it, and how they preserve it—is crucial to addressing the economic and political challenges facing the nation. But until now we have had little reliable information. Edward Wolff, one of the world's great experts on the economics of wealth, offers an authoritative account of patterns in the accumulation and distribution of wealth since 1900.

A Century of Wealth in America demonstrates that the most remarkable change has been the growth of per capita household wealth, which climbed almost eightfold prior to the 2007 recession. But overlaid on this base rate are worrying trends. The share of personal wealth claimed by the richest one percent almost doubled between the mid-1970s and 2013, concurrent with a steep run-up of debt in the middle class. As the wealth of the average family dropped precipitously—by 44 percent—between 2007 and 2013, with black families hit hardest, the debt-income ratio more than doubled. The Great Recession also caused a sharp spike in asset poverty, as more and more families barely survived from one paycheck to the next. In short, the United States has changed from being one of the most economically equal of the advanced industrialized countries to being one of the most unequal.

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  • Edward Wolff is probably the most knowledgeable scholar of the empirics of household wealth in the US. The book is comprehensive and engaging. The historical perspective is particularly illuminating.

    - Philippe Van Kerm, Luxembourg Institute of Socio-Economic Research and University of Luxembourg

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About the Author

Edward N. Wolff is a professor of economics at New York University and a research associate at the National Bureau of Economic Research. His books include Inheriting Wealth in America, Retirement Income, and The Transformation of the American Pension System.

About the Narrator

Sean Runnette, an Earphones Award–winning narrator, has also directed and produced more than two hundred audiobooks, including several Audie Award winners. He is a member of the American Repertory Theater company and has toured the United States and internationally with ART and Mabou Mines. His television and film appearances include Two If by Sea, Cop Land, Sex and the City, Law & Order, the award-winning film Easter, and numerous commercials.