The Precarious Financial Lives of American Families
By (author) Peter Gosselin
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High Wire by Peter Gosselin
Book DescriptionThe U. S. economy is wrapping up twenty-five years of some of the strongest, smoothest growth in its history-a performance so sweet economists have given it a name: the Great Moderation. So why have so many of us, even those making hundreds of thousands of dollars, arrived at the new century with a gnawing sense that events are moving against our families and ourselves? The easy answer is that were suffering a case of needless anxiety. But the easy answer is wrong. Drawing on interviews with hundreds of Americans and new statistics he developed, Peter Gosselin traces a quarter-century shift of economic risk from the broad shoulders of business and government to the backs of working people. It is a shift that has shaken the pillars of most families lives-stable jobs, solid benefits, government protections. The change doesnt mean one cant prosper. But it does mean the benefits of growth come at greater peril and your financial fall will be steeper if you stumble. This threat to working Americans security-and what to do about it-is a pressing concern to economists, policy-makers, and everyone who works for a living.
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Book DetailsISBN: 9780465002252
(236mm x 156mm x 34mm)
Imprint: Basic Books
Publisher: The Perseus Books Group
Publish Date: 3-Apr-2008
Country of Publication: United States
Books By Author Peter Gosselin
High Wire, Paperback (May 2009)» View all books by Peter Gosselin
Reveals the quiet corrosion of American living standards and shows how the ownership society has turned into the on-your-own society-with devastating consequences
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Author Biography - Peter Gosselin
Peter Gosselin is national economics correspondent for the "Los Angeles Times" in the Washington bureau. A visiting fellow at the Urban Institute in Washington, D.C., he lives with his wife, reporter Robin Toner, and their two children in Washington, D.C.
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