Overview

In While America Aged, bestselling author Roger Lowenstein explains how corporations and governments ran up ruinous pension and health-care promises to workers-promises that are now coming due and that will hit America like a tsunami if nothing is done. Negotiating high benefits means gambling with future finances-and when the farm gets sold out from underneath major corporations or public institutions, it affects all of us, and in ways we might not imagine. With his trademark narrative panache, Lowenstein unravels the truth about how pensions work in America and illuminates the impending crisis.

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Reviews

Lowenstein goes into great detail establishing the history and politics that went into the creation of these pension systems and further expounds on how their mismanagement brought down the whole system. Many businesses and governments will soon need to face up to the facts of their pension obligations and make some tough choices. -- Booklist Michael McConnohie delivers a historical examination of Social Security and corporate pensions in a strong, straightforward manner...[and a] resonant, authoritative tone...The natural pace of his narration moves forward the three case studies. -- AudioFile A refreshing perspective...The book gives the reader lively stories and historical insight. -- Publishers Weekly, starred review Financial journalist Roger Lowenstein uses the stories of three deeply encumbered institutions...as examples not only of the way most individual Americans conduct their personal finances, but also of how the country as a whole has long lived beyond its means...Gripping. -- Washington Post

A refreshing perspective...The book gives the reader lively stories and historical insight. -- Publishers Weekly, starred review Financial journalist Roger Lowenstein uses the stories of three deeply encumbered institutions...as examples not only of the way most individual Americans conduct their personal finances, but also of how the country as a whole has long lived beyond its means...Gripping. -- Washington Post Lowenstein goes into great detail establishing the history and politics that went into the creation of these pension systems and further expounds on how their mismanagement brought down the whole system. Many businesses and governments will soon need to face up to the facts of their pension obligations and make some tough choices. -- Booklist Michael McConnohie delivers a historical examination of Social Security and corporate pensions in a strong, straightforward manner...[and a] resonant, authoritative tone...The natural pace of his narration moves forward the three case studies. -- AudioFile

Author Information

Roger Lowenstein is a financial journalist and writer. He graduated from Cornell University and reported for the Wall Street Journal for more than a decade. Lowenstein is the author of a number of books and articles, including The End of Wall Street, Origins of the Crash: The Great Bubble and Its Undoing. Michael McConnohie is an acclaimed film, television, and voice actor. His credits include a wide variety of anime series, audiobooks, cartoons, films, and video games.

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