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-General Motors, the New York City subway system, and the city of San Diego-each 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.
-Phillip Longman, The Washington Post
Part One: Who Owns General Motors?
1. Walter Reuther and the Treaty of Detroit
2. The Anti-Reuther
Part Two: The Public Freight
3. An Entitled Class
4. On Strike!
Part Three: Debacle in San Diego
5. Finest City
6. Pension Plot
7. The Bill Comes Due
Conclusion: The Way Out