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

 
9781594201677: While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom As the Next Financial Crisis
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A call-to-action evaluation of the economic dangers being posed by the retiring generation's pensions and health-care needs offers sobering insight into how pensions work in America and why they are threatening major companies and public institutions, in an account that is complemented by the stories of key historical precedents and what the author believes may be a possible solution.

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a 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.a
aPhillip Longman, "The Washington Post"

" 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

- 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
About the Author:

Roger Lowenstein, author of the bestselling Buffett: The Making of an American Capitalist and When Genius Failed: The Rise and Fall of Long-term Capital Management, reported for the Wall Street Journal for more than a decade and wrote the Journal’s stock market column “Heard on the Street” and also its “Intrinsic Value” column. He now contributes articles and reviews to the Journal and the New York Times Magazine and is a columnist for SmartMoney Magazine. He lives in Westfield, New Jersey.

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  • PublisherPenguin Pr
  • Publication date2008
  • ISBN 10 1594201676
  • ISBN 13 9781594201677
  • BindingHardcover
  • Number of pages274
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