Dollars and Dreams

A volume of the “Population of the United States in the 1980s” series commissioned by the National Committee for Research on the 1980 Census, which utilized data from the 1980 census to analyze trends in American life, Dollars and Dreams explores the dramatic changes in U.S. standard of living as wage stagnation and rising income inequality in the 1970s and 1980s began to undermine Americans’ traditional economic optimism. Levy examines various social and economic trends in income distribution since World War II, such as the rise of the suburbs, the fall of the steel industry, the baby bust, double-income families, single-parent households, income growth among the elderly, and deficits in Washington. His follow-up, New Dollars and Dreams: American Incomes and Economic Change, was published by the Russell Sage Foundation in 1999.

FRANK LEVY is Daniel Rose Professor of Urban Economics at the Massachusetts Institute of Technology.