Magicians The Mexican Middle Class and the Economic Crisis

Type Conference Paper - the 2003 meeting of the Latin American Studies Association
Title Magicians The Mexican Middle Class and the Economic Crisis
Author(s)
Publication (Day/Month/Year) 2003
City Dallas
Country/State USA
URL http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.195.7267&rep=rep1&type=pdf
Abstract
a representative Mexican city, this paper describes the effects of the economic crisis of the late-1990s on such families and their corresponding survival strategies. Most families experienced significant reductions in income and were compelled to do one or more of the following: (1) reduce consumption, (2) seek monetary or in-kind assistance from relatives, (3) find new sources of income, and (4) draw on accumulated capital. Central to the responses of younger families was a costly commitment to private education for their school-age children. The paper compares the strategies of the middle-class families studied to those of popular class families as portrayed in the literature, emphasizing class differences in the ways the domestic cycle shapes household responses.

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