High Wire: The Precarious Financial Lives of American Families

Front Cover
Basic Books, Jun 8, 2009 - Business & Economics - 272 pages
7 Reviews
The U.S. economy has had 25 years of some of the strongest, smoothest growth in its history--economists have even named it: "the Great Moderation." So why have so many of us arrived at the new century with a gnawing sense that events are moving against our families and ourselves? Drawing on interviews with hundreds of Americans and new statistics he developed, economics journalist Gosselin traces a quarter-century shift of economic risk from the broad shoulders of business and government to the backs of working people, a shift that has shaken the pillars of most families' lives--stable jobs, solid benefits, government protections. The change means that 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.--From publisher description.
  

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LibraryThing Review

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
Jobs
109
Unjobs
159
Index
335
79
348
187
354
233
370
Copyright

Common terms and phrases

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.