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While America Aged by Roger Lowenstein

While America Aged

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

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

By Roger Lowenstein

By Roger Lowenstein

By Roger Lowenstein

By Roger Lowenstein

Best Seller
Paperback $18.00

Apr 28, 2009 | ISBN 9780143115380

Ebook $7.99

May 01, 2008 | ISBN 9781440639401

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    While America Aged by Roger Lowenstein
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    About While America Aged

    The retirement crisis facing America-and the road map for a way out-from The New York Times bestselling 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 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.

    About While America Aged

    The retirement crisis facing America-and the road map for a way out-from The New York Times bestselling 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 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.

    Also by Roger Lowenstein

    America's Bank
    The End of Wall Street
    Buffett
    Origins of the Crash
    When Genius Failed
    See all books by Roger Lowenstein

    Also by Roger Lowenstein

    America's Bank
    The End of Wall Street
    Buffett
    Origins of the Crash
    When Genius Failed
    See all books by Roger Lowenstein

    About Roger Lowenstein

    Roger Lowenstein, author of the bestselling Buffett: The Making of an American Capitalist, reported for The Wall Street Journal for more than a decade, and wrote the Journal’s stock market column, Heard on the Street, from 1989 to 1991 and the… More about Roger Lowenstein

    About Roger Lowenstein

    Roger Lowenstein, author of the bestselling Buffett: The Making of an American Capitalist, reported for The Wall Street Journal for more than a decade, and wrote the Journal’s stock market column, Heard on the Street, from 1989 to 1991 and the… More about Roger Lowenstein

    Product Details

    Category: Personal Finance | Economics | Management

    Paperback | $18.00
    Published by Penguin Books
    Apr 28, 2009 | 288 Pages | 5-1/2 x 8-7/16 | ISBN 9780143115380

    Category: Personal Finance | Economics | Management

    Ebook | $7.99
    Published by Penguin Books
    May 01, 2008 | 288 Pages | ISBN 9781440639401

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    Praise

    ” Financial journalist Roger Lowenstein uses the stories of three deeply encumbered institutions . . . as examples not only of the way most individual Americans conduct their personal finances, but also of how the country as a whole has long lived beyond its means. . . . Gripping.”
    -Phillip Longman, The Washington Post

    Table Of Contents

    While America AgedIntroduction

    Part One: Who Owns General Motors?

    1. Walter Reuther and the Treaty of Detroit
    2. The Anti-Reuther

    Part Two: The Public Freight

    3. An Entitled Class
    4. On Strike!

    Part Three: Debacle in San Diego

    5. Finest City
    6. Pension Plot
    7. The Bill Comes Due

    Conclusion: The Way Out
    Acknowledgments
    Notes
    Index

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