Why does the American middle class continue to struggle financially?

Since the mid-1980s, unrestrained household spending has damaged American family finances—despite the fact that globalization and technological change have caused consumer prices to fall widely, says Queens College sociologist Joseph Nathan Cohen. In his paper, "The Myth of America's 'Culture of Consumerism': Policy May Help Drive American Household's Fraying Finances," which Cohen will present at the 108th Annual Meeting of the American Sociological Association, he examines the factors that keep American families from tightening their belts.

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