The Great Risk Shift
The New Economic Insecurity and the Decline of the American Dream, Second Edition
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Product details:
- Edition number 2
- Publisher OUP USA
- Date of Publication 2 May 2019
- ISBN 9780190844141
- Binding Paperback
- No. of pages264 pages
- Size 234x155x22 mm
- Weight 363 g
- Language English 0
Categories
Short description:
In The Great Risk Shift, Jacob S. Hacker lays bare this unsettling new economic climate, showing how it has come about, what it is doing to our families, and how we can fight back.
MoreLong description:
[Please note this is placeholder text from the previous edition] America's leaders say the economy is strong and getting stronger. But the safety net that once protected us is fast unraveling. With retirement plans in growing jeopardy while health coverage erodes, more and more economic risk is shifting from government and business onto the fragile shoulders of the American family.
In The Great Risk Shift, Jacob S. Hacker lays bare this unsettling new economic climate, showing how it has come about, what it is doing to our families, and how we can fight back. Behind this shift, he contends, is the Personal Responsibility Crusade, eagerly embraced by corporate leaders and Republican politicians who speak of a nirvana of economic empowerment, an "ownership society" in which Americans are free to choose. But as Hacker reveals, the result has been quite different: a harsh new world of economic insecurity, in which far too many Americans are free to lose.
The book documents how two great pillars of economic security--the family and the workplace--guarantee far less financial stability than they once did. The final leg of economic support--the public and private benefits that workers and families get when economic disaster strikes--has dangerously eroded as political leaders and corporations increasingly cut back protections of our health care, our income security, and our retirement pensions.
Blending powerful human stories, big-picture analysis, and compelling ideas for reform, this remarkable volume will hit a nerve, serving as a rallying point in the vital struggle for economic security in an increasingly uncertain world.
As Jacob Hacker argues persuasively in The Great Risk Shift, America's middle class finds itself living with far more risk and income volatility than it did a generation ago.
Table of Contents:
Introduction: On the Edge
1. The New Economic Insecurity
2. Risking It All
3. Risky Jobs
4. Risky Families
5. Risky Retirement
6. Risky Health Care
Conclusion: Securing the Future
Acknowledgments
Notes
Index
