Item Details

Downhill From Here: Retirement Insecurity in the Age of Inequality

Katherine S. Newman
Format
Book
Published
New York : Metropolitan Books/Henry Holt and Company, [2019]
Edition
First edition
Language
Text in English
ISBN
9781250119469, 1250119464
Summary
A sharp examination of the troubled state of retirement in America shares sobering insights into how the real estate crash and limited social security are preventing retirement and inducing widespread poverty in aging Baby Boomers.
"As millions of baby boomers reach their golden years, the state of retirement in America is little short of a disaster. A third of Americans have no retirement savings at all. The real estate crash wiped out much of the home equity that millions were counting on to support themselves later in life. And the typical Social Security check covers less than 40 percent of preretirement wages--a number projected to drop to under 28 percent within two decades. Elder poverty, a problem we thought was solved by the New Deal, is poised for a resurgence. With dramatic statistics and vivid portraits, acclaimed sociologist Katherine S. Newman illuminates America's abandonment of a social contract: the promise that decades of hard work would bring about a secure old age. The resulting crisis touches us all, cutting across class lines and generational divides. White-collar managers have seen pensions vanish; truckers have had their benefits cut in half; bankrupt cities like Detroit have walked away from their commitments to municipal workers. And for Generation X, the prospects are even worse, as benefit cutbacks have targeted younger workers in particular. Only the vaunted '1 percent' can face retirement without fear. Other countries are also confronting demographic challenges, yet they have not abandoned their seniors. [This book] makes it clear that America, too, can--and must--do better."--Dust jacket.
Contents
  • Teamsters in trouble
  • White-collar damage
  • Municipal blues
  • Gray labor
  • Two-tiered agreements and the dilemmas of Gen X
  • Retiring on next to nothing
  • Keeping the promise / by Rebecca Hayes Jacobs
Description
322 pages : illustrations ; 25 cm
Notes
Includes bibliographical references and index.
Technical Details
  • Access in Virgo Classic

  • LEADER 03797cam a2200541 i 4500
    001 u7891387
    003 SIRSI
    005 20190311114050.0
    008 180618t20192019nyua b 001 0 eng
    010
      
      
    a| 2018028311
    019
      
      
    a| 1082863769 a| 1083907051
    024
    8
      
    a| 40028888193
    020
      
      
    a| 9781250119469 q| (hardcover)
    020
      
      
    a| 1250119464 q| (hardcover)
    035
      
      
    a| (OCoLC)1035295330 z| (OCoLC)1082863769 z| (OCoLC)1083907051
    042
      
      
    a| pcc
    043
      
      
    a| n-us---
    040
      
      
    a| DLC b| eng e| rda c| DLC d| OCLCO d| OCLCF d| TOH d| IK2 d| T7B d| QQ3 d| MEU d| TXNPS d| BUR d| CKE d| ZVR d| YDX d| VP@ d| YUS
    050
    0
    0
    a| HD7125 b| .N455 2019
    082
    0
    0
    a| 306.3/80973 2| 23
    100
    1
      
    a| Newman, Katherine S., d| 1953- e| author.
    245
    1
    0
    a| Downhill from here : b| retirement insecurity in the age of inequality / c| Katherine S. Newman.
    250
      
      
    a| First edition.
    264
      
    1
    a| New York : b| Metropolitan Books/Henry Holt and Company, c| [2019]
    264
      
    4
    c| ©2019
    300
      
      
    a| 322 pages : b| illustrations ; c| 25 cm
    336
      
      
    a| text b| txt 2| rdacontent
    337
      
      
    a| unmediated b| n 2| rdamedia
    338
      
      
    a| volume b| nc 2| rdacarrier
    504
      
      
    a| Includes bibliographical references and index.
    520
      
      
    a| A sharp examination of the troubled state of retirement in America shares sobering insights into how the real estate crash and limited social security are preventing retirement and inducing widespread poverty in aging Baby Boomers.
    520
      
      
    a| "As millions of baby boomers reach their golden years, the state of retirement in America is little short of a disaster. A third of Americans have no retirement savings at all. The real estate crash wiped out much of the home equity that millions were counting on to support themselves later in life. And the typical Social Security check covers less than 40 percent of preretirement wages--a number projected to drop to under 28 percent within two decades. Elder poverty, a problem we thought was solved by the New Deal, is poised for a resurgence. With dramatic statistics and vivid portraits, acclaimed sociologist Katherine S. Newman illuminates America's abandonment of a social contract: the promise that decades of hard work would bring about a secure old age. The resulting crisis touches us all, cutting across class lines and generational divides. White-collar managers have seen pensions vanish; truckers have had their benefits cut in half; bankrupt cities like Detroit have walked away from their commitments to municipal workers. And for Generation X, the prospects are even worse, as benefit cutbacks have targeted younger workers in particular. Only the vaunted '1 percent' can face retirement without fear. Other countries are also confronting demographic challenges, yet they have not abandoned their seniors. [This book] makes it clear that America, too, can--and must--do better."--Dust jacket.
    505
    0
      
    a| Teamsters in trouble -- White-collar damage -- Municipal blues -- Gray labor -- Two-tiered agreements and the dilemmas of Gen X -- Retiring on next to nothing -- Keeping the promise / by Rebecca Hayes Jacobs
    546
      
      
    a| Text in English.
    650
      
    0
    a| Social security z| United States.
    650
      
    0
    a| Retirement income z| United States.
    650
      
    0
    a| Older people z| United States x| Economic conditions.
    650
      
    0
    a| Equality z| United States.
    650
      
    7
    a| Equality. 2| fast 0| (OCoLC)fst00914456
    650
      
    7
    a| Older people x| Economic conditions. 2| fast 0| (OCoLC)fst01199102
    650
      
    7
    a| Retirement income. 2| fast 0| (OCoLC)fst01096344
    650
      
    7
    a| Social security. 2| fast 0| (OCoLC)fst01123077
    651
      
    7
    a| United States. 2| fast 0| (OCoLC)fst01204155
    650
      
    7
    a| SOCIAL SCIENCE / Sociology / General. 2| bisacsh
    994
      
      
    a| Z0 b| VA@
    596
      
      
    a| 3
    999
      
      
    a| HD7125 .N455 2019 w| LC i| X032567718 l| STACKS m| CLEMONS t| BOOK

Availability

Google Preview

Library Location Map Availability Call Number
Clemons Stacks N/A Available