The Fragile Middle Class: Americans in Debt

By T. Sullivan, E. Warren, J. Westbrook. 2000

188 citations recorded by the source corpus.

Subfields: Finance

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Debt and Graduation from American Universities (2012, background): “Studies of bankruptcy highlight the distinctive vulnerability of middle-class families to debt problems because they are often eligible to borrow large sums, but are also increasingly financially stressed (Sullivan et al. 2000).”
Explaining the Puzzle of Cross‐State Differences in Bankruptcy Rates (2009, background): “They are more likely to be black and less likely to be Asian or Hispanic (see Sullivan, Warren, and Westbrook 2000; Warren and Tyagi 2003).”
Consumer Bankruptcy: A Fresh Start (2007, background): “…that eliminating bankruptcy in the U.S. would increase welfare.26 Moreover, our findings lend support to the views advanced by sociologists and lawyers such as Sullivan, Warren, and Westbrook (2000) that bankruptcy plays an important role in providing a safety net against bad luck for Americans.”
Keeping Up With the Joneses: Analyzing the Effect of Income Inequality on Consumer Borrowing (2005, background): “It is interesting to note that the typical bankruptcy filer is a member of the middle class, and filers with 6-digit annual incomes are not uncommon (Sullivan et al., 2000).”