While America Aged

The retirement crisis facing America���nd the road map for a way out���rom The New York Times bestselling author of Origins of the Crash

In the last several decades, corporations and local governments made ruinous pension and healthcare promises to American workers. With these now coming due, they threaten to destroy twenty-first- century America�'s hopes for a comfortable retirement. With his trademark narrative panache, bestselling author Roger Lowenstein analyzes three fascinating case studies���eneral Motors, the New York City subway system, and the city of San Diego���ach an object lesson and a compelling historical saga that illuminates how the pension crisis developed. Cumulative retirement deficits are approaching ＄1 trillion, and Lowenstein warns that these are only the first. Retirement pensions will continue to be a critical issue as the country ages, and While America Aged is the urgent call to action and prescription for reform.