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Down the up escalator : how the 99 percent live in the Great Recession

Author: Barbara Garson
Publisher: New York : Doubleday, 2013.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
"One of our most incisive and committed journalists--author of the classic All the Livelong Day--shows us the real human cost of our economic follies. The Great Recession has thrown huge economic challenges at almost all Americans save the super-affluent few, and we are only now beginning to reckon up the human toll it is taking. Down the Up Escalator is an urgent dispatch from the front lines of our vast collective
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Genre/Form: History
Document Type: Book
All Authors / Contributors: Barbara Garson
ISBN: 9780385532747 0385532741 9780385532754 038553275X
OCLC Number: 668188515
Description: 271 p. ; 25 cm.
Contents: Introduction: What caused the Great Recession (in three scenes and one phone call) --
Our jobs. --
The pink slip club --
Down by the banks of the Ohio --
Innovating the jobs away --
Even bankers can be unemployed --
Our homes. --
Show me the mortgage --
Bubble birth control --
Underwater and up the creek --
Strategic default --
An upright man --
The house belongs to them --
An old-fashioned foreclosure with a modern twist --
Our savings. --
Three investors --
Rich or poor, it's good to have money --
The perfect twofer --
Down is a dangerous direction --
To be continued ... --
Influences, debts, and love.
Responsibility: Barbara Garson.
More information:

Abstract:

"One of our most incisive and committed journalists--author of the classic All the Livelong Day--shows us the real human cost of our economic follies. The Great Recession has thrown huge economic challenges at almost all Americans save the super-affluent few, and we are only now beginning to reckon up the human toll it is taking. Down the Up Escalator is an urgent dispatch from the front lines of our vast collective struggle to keep our heads above water and maybe even--someday--get ahead. Garson has interviewed an economically and geographically wide variety of Americans to show the painful waste in all this loss and insecurity, and describe how individuals are coping. Her broader historical focus, though, is on the causes and consequences of the long stagnation of wages and how it has resulted in an increasingly desperate reliance on credit and a series of ever-larger bubbles--stocks, technology, real estate. This is no way to run an economy, or a democracy. From the members of the Pink Slip Club in New York, to a California home health-care aide on the eve of eviction, to a subprime mortgage broker who still thinks it could have worked, Down the Up Escalator presents a sobering picture of what happens to a society when it becomes economically organized to benefit only the very rich and the quick-buck speculators. But it also demonstrates the wit and resilience of ordinary Americans--and why they deserve so much better than the hand they've been dealt"--

"An intimate look at the lives of Americans who have been affected, in very different ways, by the 2008 Recession"--

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