High Wire: The Precarious Financial Lives of American Families

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Basic Books, 2009 - Business & Economics - 272 pages
2 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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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

High wire: the precarious financial lives of American families

User Review  - Not Available - Book Verdict

L.A. Times economics correspondent Gosselin outlines the current economic situation of American families in light of specific policies initiated since the stalled economy of the 1970s. Today, Gosselin ... Read full review


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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.