The Impact of Inflation-Recession on Families in Cities

  • Virginia White
Part of the Nonprofit Management and Finance book series (NOMA)


The United States is now undergoing its most severe economic crisis since the Great Depression of the thirties. We are currently experiencing a staggering rate of inflation, well up into the double digits (at this writing, pressing 15 percent a year). At the same time, contrary to all economic theory, we are experiencing a severe recession, as the unemployment rate has risen above 7 percent and the Gross National Product has steadily declined, sure symptoms of a recession that might well mushroom into a full-scale depression. This double bind of rampant inflation and recession has given rise to a new coinage by economists, “stagflation,” or even more dramatically, “slumpflation.”


Labor Force Household Survey Econometric Analysis Inflationary Pressure Wage Earner 
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Copyright information

© Springer Science+Business Media New York 1983

Authors and Affiliations

  • Virginia White

There are no affiliations available

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