While America Aged How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis

ISBN-10: 0143115383
ISBN-13: 9780143115380
Edition: 2009
Authors: Roger Lowenstein
List price: $18.00 Buy it from $3.00
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Description: The retirement crisis facing America—and the road map for a way out—from The New York Timesbestselling author of Origins of the Crash In the last several decades, corporations and local governments made ruinous pension and healthcare promises to  More...

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Book details

List price: $18.00
Copyright year: 2009
Publisher: Penguin Publishing Group
Publication date: 4/28/2009
Binding: Paperback
Pages: 288
Size: 5.50" wide x 8.50" long x 0.75" tall
Weight: 1.034
Language: English

The retirement crisis facing America—and the road map for a way out—from The New York Timesbestselling author of Origins of the Crash 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 approaching1 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.

Roger Lowenstein, author of the bestselling Buffett: The Making of an American Capitalist, reported for The Wall Street Journal for over a decade and wrote the stock-market column "Heard on the Street" from 1989 to 1991 and the "Intrinsic Value" column from 1995 to 1997. He now writes a column in SmartMoney magazine and has written for The New York Times and The New Republic, among other publications. He has three children and lives in Westfield, New Jersey.

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