While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis Paperback - 2009
by Lowenstein, Roger
- Used
From the bestselling author of "Buffett" and "Origins of the Crash" comes a wake-up call to the pension and retirement crisis facing America and the road map for a way out.
Description
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Details
- Title While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis
- Author Lowenstein, Roger
- Binding Paperback
- Edition 1st Edition 1st
- Condition Used - Good
- Pages 288
- Volumes 1
- Language ENG
- Publisher Penguin Publishing Group, E Rutherford, New Jersey, U.S.A.
- Date 2009-04-28
- Features Bibliography, Index, Price on Product - Canadian, Table of Contents
- Bookseller's Inventory # K08O-01112
- ISBN 9780143115380 / 0143115383
- Weight 0.53 lbs (0.24 kg)
- Dimensions 8.3 x 5.58 x 0.64 in (21.08 x 14.17 x 1.63 cm)
- Ages 18 to UP years
- Grade levels 13 - UP
- Library of Congress subjects Retirement income - United States, Defined benefit pension plans - United States
- Dewey Decimal Code 331.252
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Summary
In the last several decades, corporations and local governments made ruinous pension and healthcare promises to American workers. With these now coming due, they threaten to destroy twenty-first- century America's hopes for a comfortable retirement. With his trademark narrative panache, bestselling author Roger Lowenstein analyzes three fascinating case studies-General Motors, the New York City subway system, and the city of San Diego-each an object lesson and a compelling historical saga that illuminates how the pension crisis developed. Cumulative retirement deficits are approaching $1 trillion, and Lowenstein warns that these are only the first. Retirement pensions will continue to be a critical issue as the country ages, and While America Aged is the urgent call to action and prescription for reform.
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Citations
- New York Times Book Review, 06/14/2009, Page 20
