We’re hosting a session at New America Foundation this afternoon with National Economics Correspondent for the Los Angeles Times, Peter Gosselin, and CSPAN’s BookTV on the shift of financial risk to individual Americans. Peter’s new book, High Wire: The Precarious Financial Lives of American Families, explains how during a quarter century of steady economic growth the consequences of illness, job loss, or separation can devastate the security of a family more than ever before.
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Many think of the past 25 years as a period of prosperity and growth, and rightly so. We’ve enjoyed high growth, low inflation, and millions of Americans enjoy more material wealth. What isn’t accounted for in these statistics is the devastating consequences of falling off the track to prosperity.
— Sam Sherraden