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How The Great Recession Has Narrowed Our Futures And What We Can Do About It
Crown Publishing Group
August 2011
On Sale: August 9, 2011
224 pages
ISBN: 0307886522
EAN: 9780307886521
Hardcover
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Non-Fiction
What lies on the other side of Great Recession? While the
most acute part of the economic crisis is past, the
downturn's most significant impact on American life remains
in the future. The personal, cultural, and political changes
that result from severe economic shocks build slowly. But
history shows us that, ultimately, downturns like this one
profoundly alter the character of society.
Don Peck's Pinched keenly observes how the recession has
changed the places we live, the work we do, and even who we
are--and details the transformations that are yet to come.
Every class and every generation will be affected: newly
minted college graduates, blue-collar men, affluent
professionals, exurban families, elite financiers,
middle-class retirees.
The crash has shifted the course of the economy. In its
aftermath, the middle class is shrinking faster, wealth is
becoming more concentrated, twenty-somethings are sinking,
and working-class families and communities are changing in
unsavory ways.
We sit today between two eras, buffeted, anxious, and
uncertain of the future. Through vivid reporting and lucid
argument, Peck helps us make sense of how our society has
changed, and why so many people are still struggling.
The answers to these questions reveal a new way forward for
America. The country has endured periods like this one
before, and has emerged all the stronger from them;
adaptation and reinvention have been perhaps the nation's
best and most enduring traits. The time is ripe for another
such reinvention. Pinched lays out the principles and
public actions that can help us pull it off.
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