Publisher Description
In While America Aged, bestselling author Roger Lowenstein explains how corporations and governments ran up ruinous pension and health-care promises to workers—promises that are now coming due and that will hit America like a tsunami if nothing is done. Negotiating high benefits means gambling with future finances—and when the farm gets sold out from underneath major corporations or public institutions, it affects all of us, and in ways we might not imagine. With his trademark narrative panache, Lowenstein unravels the truth about how pensions work in America and illuminates the impending crisis.
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“It’s a well written and readable account of three stories where pensions went wrong. The three examples aren’t really tied together, but each situation is powerful enough on it’s own. The topics are clearly well researched, and the author’s writing style makes this a smooth read.
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Nate (4 out of 5 stars)
