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Item Details
Title: THE CLASH OF GENERATIONS
SAVING OURSELVES, OUR KIDS, AND OUR ECONOMY
By: Laurence J. Kotlikoff, Scott Burns
Format: Paperback

List price: £7.99
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ISBN 10: 0262526107
ISBN 13: 9780262526104
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Publisher: MIT PRESS LTD
Pub. date: 14 February, 2014
Series: The Clash of Generations
Pages: 288
Synopsis: The United States is bankrupt, flat broke. Thanks to accounting that would make Enron blush, America's insolvency goes far beyond what our leaders are disclosing. The United States is a fiscal basket case, in worse shape than the notoriously bailed-out countries of Greece, Ireland, and others. How did this happen? In The Clash of Generations, experts Laurence Kotlikoff and Scott Burns document our six-decade, off-balance-sheet, unsustainable financing scheme. They explain how we have balanced our longer lives on the backs of our (relatively few) children. At the same time, we've been on a consumption spree, saving and investing less than nothing. And that's not to mention the evisceration of the middle class and a financial system that has proven it can't be trusted. Kotlikoff and Burns outline grassroots strategies for saving ourselves -- and especially our children -- from what could be a truly catastrophic financial collapse. Kotlikoff and Burns sounded the alarm in their widely acclaimed The Coming Generational Storm, but politicians didn't listen. Now the need for action is even more urgent. It's up to us to demand radical reform of our tax system, our healthcare system, and our Social Security system, and to insist on better paths to investment return than those provided by Wall Street (mis)managers. Kotlikoff and Burns's "Purple Plans" (so called because they will appeal to both Republicans and Democrats) have been endorsed by a who's who of economists and offer a new way forward; and their revolutionary investment strategy for individuals replaces the idea of financial capital with "life decision capital." Of course, we won't be doing all this just for ourselves. We need to fix America's fiscal mess before our kids inherit it.https://www.youtube.com/watch?v=IMKw76lBn0k&feature=youtube_gdata_player
Reader Age: From 18 years
Illustrations: 4 b&w illus., 10 figures, 6 tables
Publication: US
Imprint: MIT Press
Returns: Returnable
Some other items by this author:
CRAIGINCHES (PB)
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GENERATIONAL ACCOUNTING (HB)
GENERATIONAL ACCOUNTING (PB)
GENERATIONAL POLICY (HB)
GET WHAT''S YOURS - REVISED & UPDATED (HB)
GET WHAT'S YOURS
IT'S NOT ALL ABOUT THE OLD FIRM (PB)
JIMMY STEWART IS DEAD
JIMMY STEWART IS DEAD
JIMMY STEWART IS DEAD
JIMMY STEWART IS DEAD (HB)
JIMMY STEWART IS DEAD (PB)
LIFE ON THE LINE (PB)
MACROECONOMICS (HB)
MACROECONOMICS (HB)
MACROECONOMICS (PB)
PENSIONS IN THE AMERICAN ECONOMY (HB)
SCOTTISH FOOTBALL: IT'S NOT ALL ABOUT THE OLD FIRM (PB)
STUDY GUIDE TO ACCOMPANY MACROECONOMICS (PB)
THE CLASH OF GENERATIONS (HB)
THE COMING GENERATIONAL STORM (PB)
THE ECONOMIC CONSEQUENCES OF THE VICKERS COMMISSION (PB)
THE GLOBAL EXPATRIATE'S GUIDE TO INVESTING
THE GLOBAL EXPATRIATE'S GUIDE TO INVESTING
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THE HEALTHCARE FIX (HB)
WALTER SMITH - THE IBROX GAFFER (HB)
WALTER SMITH - THE IBROX GAFFER (PB)
WE CAN BOOGIE
WHAT DETERMINES SAVINGS? (PB)

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