fees

Book Explores Impact of Fees on Middle Class

Wed, 07/25/2018 - 9:20am -- yountj
Devin Fergus, the Arvarh E. Strickland Distinguished Professor of History and Black Studies

Fergus’ new book, Land of the Fee: Hidden Costs and the Decline of the American Middle Class (Oxford University Press), traces the history of fees from the deregulation era of the 1970s to the present and explores the effect of increasing fees on growing inequality in the United States.

Each month when we receive bills for services such as cable television or cell phones, those bills typically include one or more fees that increase the total cost of the service, often above what is marketed to consumers as the basic price of that particular service. A new book by Devin Fergus, the Arvarh E. Strickland Distinguished Professor of History and Black Studies at MU, argues these fees and related charges cost American consumers almost $1.5 trillion each year and hinder upward mobility.

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