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Down the up escalator : how the 99 percent live in the Great Recession / Barbara Garson.

by Garson, Barbara.

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Doubleday, 2013.

Income distribution -- United States.

Equality -- United States.

Global Financial Crisis, 2008-2009.

9780385532747 (hc.)

0385532741 (hc.)

Alternate title:

How the 99 percent live in the Great Recession.

How the ninety-nine percent live in the Great Recession.

271 p. ; 25 cm.

What caused the Great Recession (in three scenes and one phone call) -- Our jobs-- 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 -- Upright man -- House belongs to them -- Old-fashioned foreclosure with a modern twist -- Our savings -- Three investors -- Rich or poor, its' good to have money -- Perfect twofer -- Down is a dangerous direction -- To be continued... -- Influences, debts, and love.

"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. 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. 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"--Provided by publisher.

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