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Why America's 20- and 30-Somethings Can't Get Ahead
Doubleday
January 2006
288 pages ISBN: 0385515057 Hardcover
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Non-Fiction
Drowning in student loan and credit card debt? Can’t
afford to get married, buy a home, have children? At last,
a book for the under-35 generation (and their parents) that
explains why it is not their fault.
Strapped offers a groundbreaking look
at the new obstacle course facing young adults—the under-35
crowd—as they try to build careers, buy homes, and start
families. As Tamara Draut explains, getting ahead is
getting harder. A college degree is the new high school
diploma—but it now costs a fortune to get that degree, and
students graduate with crippling debts. Good jobs are
scarcer thanks to stagnant wages and disappearing benefits.
And, the cost of everything—starter homes, health coverage,
child care—keeps going up and up. Budding families, even
those with two incomes, struggle to pay the bills, while
Visa and Mastercard have become the new safety net. Young
adults are starting out behind the financial eight
ball—borrowing their way into adulthood and wondering
whatever happened to the American Dream.
Is this the
way things have to be? Not at all, argues Tamara Draut, a
leading young commentator and a fresh voice for change. She
shows how the obstacle course bedeviling young adults didn’t
just happen—it was allowed to happen by a generation of
leaders more interested in serving wealthy interests than in
investing in the nation’s future. Strapped brims with
ideas for a new kind of America where every young person can
go to college, buy a home, and start a family.
Strapped will help jump-start a national conversation
about where the country is failing—and how we can make it
right again.
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