While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis
Roger Lowenstein explores how pension debts affected General Motors, New York City's subway system, and San Diego. Examining the financial consequences of retirement obligations, this important book considers how such commitments can strain companies and public institutions—and potentially contribute to the next major financial crisis.
About This Book
Roger Lowenstein examines the growing impact of pension debt on major American institutions.
The book considers financial pressures involving General Motors, New York City's subway system, and San Diego.
It explores how retirement obligations can affect businesses, public services, and local governments.
With a focus on the consequences of unfunded pension promises, the book presents retirement finance as an important issue for the broader economy.
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