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

Roger Lowenstein, Author . Penguin Press $25.95 (274p) ISBN 978-1-59420-167-7

America’s impending pension problem is brutally simple: private companies and governments have pledged to provide retirement income and health care for workers, but have not set aside the money to make good on their promises. Typical accounts of the crisis tend to obfuscate the issue and fixate on laying blame, but Lowenstein (Origins of the Crash ) has a refreshing perspective—he tells three fascinating stories in American economic history and situates the current pension problems in the struggle for dignity for workers. Lowenstein regards fixing pensions as a worthy culmination to a century’s struggle for justice rather than a painful chore unfairly foisted on the present by the past. Unfortunately, after this incisive and inspiring history lesson, the 10 pages at the end devoted to solutions are too abstract and unoriginal. The book gives the reader lively stories and historical insight, but may disappoint those looking for policy recommendations. (May 5)

Reviewed on: 03/17/2008
Release date: 05/01/2008
Show other formats
FORMATS
Open Ebook - 978-1-4406-3940-1
Peanut Press/Palm Reader - 288 pages - 978-1-4362-1414-8
Open Ebook - 978-1-101-39298-0
Compact Disc - 978-1-60283-438-5
Open Ebook - 288 pages - 978-1-4362-1413-1
Paperback - 274 pages - 978-0-14-311538-0
X
Stay ahead with
Tip Sheet!
Free newsletter: the hottest new books, features and more
X
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
X
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
X
Email Address

Password

Log In Lost Password

PW has integrated its print and digital subscriptions, offering exciting new benefits to subscribers, who are now entitled to both the print edition and the digital editions of PW (online or via our app). For instructions on how to set up your accout for digital access, click here. For more information, click here.

The part of the site you are trying to access is now available to subscribers only. Subscribers: to set up your digital subscription with the new system (if you have not done so already), click here. To subscribe, click here.

Email pw@pubservice.com with questions.

Not Registered? Click here.