BKMT READING GUIDES

The Clash of Generations: Saving Ourselves, Our Kids, and Our Economy
by Laurence J. Kotlikoff, Scott Burns

Published: 2012-03-23
Hardcover : 288 pages
0 members reading this now
0 club reading this now
0 members have read this book

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 ...

No other editions available.
Add to Club Selections
Add to Possible Club Selections
Add to My Personal Queue
Jump to

Introduction

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.

Editorial Review

No editorial review at this time.

Excerpt

No Excerpt Currently Available

Discussion Questions

No discussion questions at this time.

Notes From the Author to the Bookclub

No notes at this time.

Book Club Recommendations

Member Reviews

Overall rating:
 
There are no user reviews at this time.
Rate this book
MEMBER LOGIN
Remember me
BECOME A MEMBER it's free

Book Club HQ to over 88,000+ book clubs and ready to welcome yours.

SEARCH OUR READING GUIDES Search
Search




FEATURED EVENTS
PAST AUTHOR CHATS
JOIN OUR MAILING LIST

Get free weekly updates on top club picks, book giveaways, author events and more
Please wait...