End of The Good Life: How the Financial Crisis Threatens a Lost Generation--and What We Can Do About It [9780062217844]

Overview

Financial journalist Riva Froymovich has good reason to be anxious about the financial turmoil facing Generation Y. This is her generation.

Indeed, Generation Y has suffered the brunt of the financial crisis and great recession. For those in the U.S. born after 1976, the American dream is becoming a nightmare of stalled economic mobility. Swamped in student loan debt they’re postponing marriage and buying homes, unable to save money, and delaying having children.

The End of the Good Life: How the Financial Crisis Threatens a Lost Generation--and What We Can Do About It examines short-sighted government policies and initiatives that will wreak havoc on our youth. In addition to offering concrete policy suggestions, this book is driven by the touching personal stories of Americans and other young people around the globe affected by the financial crisis and widespread youth unemployment.

How did the promise of the American Dream unravel for an entire generation, and what can be done to fix it?

• The Great Recession’s True Cost: Go beyond the headlines to understand how the 2008 collapse created a "lost generation" by dismantling the traditional pathways to adulthood.
• The Student Loan Trap: Investigate the trillion-dollar debt crisis that’s preventing Millennials from buying homes, starting families, and building personal wealth.
• Failed Government Policy: An incisive analysis of the short-sighted decisions that rigged the labor market against the young and exacerbated the crisis.
• A New Global Reality: Journey from the U.S. and Europe to the new promised lands of Brazil and China to see how the economic landscape has permanently shifted.
• A Path Forward: Discover concrete, actionable solutions for how Generation Y—and the country—can start to save itself.