While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial (Compact Disc)

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

By Roger Lowenstein, Michael McConnohie (Read by)

BBC Audiobooks, 9781602834385

Publication Date: May 1, 2008

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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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