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Book Cover
Author Garson, Barbara.

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

Imprint New York : Doubleday, 2013.


Location Call No. Status
 GDL Central Library Non-Fiction    339.22 GAR    Available
Description 271 p. ; 25 cm.
Contents 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-fasioned forclosure with a modern twist -- Our savings -- Three investors -- Rich or poor, its' good to have money -- Perfect twofer -- Down in a dangerous direction -- To be continued... -- Influences, debts, and love.
Summary "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 beter than the hand they've been dealt"-- Provided by publisher.
Subject Income distribution -- United States -- History -- 21st century.
Equality -- United States -- History -- 21st century.
Global Financial Crisis, 2008-2009.
ISBN 9780385532747 (hardback)
0385532741 (hardback)

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