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The Impact of Inflation-Recession on Families in Cities

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

Abstract

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.”

Keywords

Labor Force Household Survey Econometric Analysis Inflationary Pressure Wage Earner 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. 4.
    Maria Jahoda, Paul F. Lazarsfeld, and Hans Zeisel, The Unemployed of Marienthal, Aliensback und Bonn: Verlag Fur Demoskopie, 1960. Reprinted by Aldine Press, Chicago, 1974.Google Scholar
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    Mirra Komarovsky, The Unemployed Man and His Family, New York: Dryden Press, 1940. W. Wight Bakke, The Unemployed Worker: A Study of the Task of Making a Living without a Job, New Haven: Yale University Press, 1940. Robert Cooley Angell, The Family Encounters the Depression, New York: Charles Scribner Sons, 1936.Google Scholar
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    David Caplovitz, Consumers in Trouble: A Study of Debtors in Default, New York: The Free Press, 1974.Google Scholar
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    See Norman Bradburn and David Caplovitz, Reports on Happiness, Chicago: Aldine Press, 1965.Google Scholar
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    See William Kornblum, Blue Collar Community, Chicago: University of Chicago Press, 1974.Google Scholar

Copyright information

© Springer Science+Business Media New York 1983

Authors and Affiliations

  • Virginia White

There are no affiliations available

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