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Cable Forest Lodge Library

Downhill from here: retirement insecurity in the age of inequality

Book Cover
Average Rating
Publisher:
Metropolitan Books/Henry Holt and Company
Pub. Date:
[2019]
Edition:
First edition
Language:
English
Description

A sharp examination of the looming financial catastrophe of retirement in America.

As millions of Baby Boomers reach their golden years, the state of retirement in America is little short of a disaster. Nearly half the households with people aged 55 and older have no retirement savings at all. The real estate crash wiped out much of the home equity that millions were counting on to support their retirement. And the typical Social Security check covers less than 40% of pre-retirement wages—a number projected to drop to under 28% within two decades. Old-age 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 shows that the American retirement crisis touches us all, cutting across class lines and generational divides. White-collar managers have seen retirement benefits vanish; Teamsters have had their pensions 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: a fifth of them expect to never be able to retire. Only the vaunted “one percent” can face retirement without fear.

Other countries are confronting similar demographic challenges, yet they have not abandoned their social contract with seniors. Downhill From Here makes it clear that America, too, can—and must—do better.

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ISBN:
9781250119469
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Grouping Information

Grouped Work ID15819162-fc11-482e-6d38-62ca3abe5eda
Grouping Titledownhill from here retirement insecurity in the age of inequality
Grouping Authorkatherine s newman
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2024-05-14 18:19:14PM
Last Indexed2024-05-27 04:59:58AM

Solr Fields

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0
accelerated_reader_reading_level
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author
Newman, Katherine S., 1953-
author_display
Newman, Katherine S.
available_at_cable
Cable Forest Lodge Library
detailed_location_cable
Cable Adult Nonfiction
display_description
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.
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Book
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Books
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15819162-fc11-482e-6d38-62ca3abe5eda
isbn
9781250119469
itype_cable
BOOK - HARDCOVER
last_indexed
2024-05-27T09:59:58.401Z
lexile_score
-1
literary_form
Non Fiction
literary_form_full
Non Fiction
local_callnumber_cable
306.3 NEW
owning_library_cable
Cable Forest Lodge Library
owning_location_cable
Cable Forest Lodge Library
primary_isbn
9781250119469
publishDate
2019
publisher
Metropolitan Books/Henry Holt and Company
recordtype
grouped_work
subject_facet
Equality -- United States
Older people -- United States -- Economic conditions
Retirement income -- United States
Social security -- United States
title_display
Downhill from here : retirement insecurity in the age of inequality
title_full
Downhill from here : retirement insecurity in the age of inequality / Katherine S. Newman
title_short
Downhill from here
title_sub
retirement insecurity in the age of inequality
topic_facet
Economic conditions
Equality
Older people
Retirement income
Social security

Solr Details Tables

item_details

Bib IdItem IdShelf LocCall NumFormatFormat CategoryNum CopiesIs Order ItemIs eContenteContent SourceeContent URLDetailed StatusLast CheckinLocation
ils:.b20394627.i32909731Cable Adult Nonfiction306.3 NEW1falsefalseAvailableMay 23, 2019caanf

record_details

Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical DescriptionAbridged
ils:.b20394627BookBooksFirst editionEnglishMetropolitan Books/Henry Holt and Company[2019]322 pages : illustrations ; 25 cm.

scoping_details_cable

Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
ils:.b20394627.i32909731On ShelfAvailablefalsetruetruefalsefalsetrue9999