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Walking the Tightrope: Variable Income and Limited Liquidity Among the US Middle Class

The Great Recession, and now the economic upheaval surrounding COVID-19, have intensified focus on this financial tightrope that many American families walk. In this chapter, author Dan Silverman, Professor and Rondthaler Chair at the W.P. Carey School of Business at Arizona State University, describes a body of evidence showing that large fluctuations in household income […]