Description
This incisive investigation examines how unfunded pension and health-care promises placed enormous strain on American corporations, cities, and public institutions. Through the intertwined stories of General Motors, New York City’s subway system, and San Diego, it reveals how short-term decisions, political pressure, union battles, and financial mismanagement transformed retirement security into a looming national crisis. Roger Lowenstein combines rigorous reporting with vivid storytelling, showing how obligations accumulated over decades and warning of the broader economic consequences for workers, taxpayers, and future generations.
Available Editions
ebook
Penguin Group USA, Inc.
Published Jan 1, 2008
274 pages
ISBN: 9781436214131
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Details
First Published
2008
Language
eng
Content Warnings
No content warnings identified.