High Wire: The Precarious Financial Lives of American Families

Front Cover
Basic Books, Jun 9, 2009 - Business & Economics - 272 pages
2 Reviews
Peter Gosselin predicted in High Wire that the American worker would take on an exceedingly high level of risk in the American economy, and would be ever more exposed to the volatility of the market. Today, Gosselin's worst fears have been realized. American families are walking a high wire in which a medical crisis, a natural disaster, or the loss of a job could send them into free fall. And as the housing crisis worsens and banks and insurers collapse, many have already fallen. High Wire 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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User Review  - auntieknickers - LibraryThing

This is a pretty scary book, with a lot of ideas that it would behoove the new administration to look at. The author's thesis is that, in spite of the prosperity of the past 20 years and the lessened ... Read full review

LibraryThing Review

User Review  - ddonahue - LibraryThing

Illustrates the fine line between apparent financial security and ruin. Documents the exit of business and even the Federal and State governments from providing a financial and medical safety net to ... Read full review

Contents

Benefits
49
The Numbers
79
Jobs
109
Index
335
79
348
187
354
233
370
Copyright

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About the author (2009)

Peter Gosselin is national economics correspondent for the Los Angeles Times and a member of the paper's 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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