End of The Good Life : How the Financial Crisis Threatens a Lost Generation--and What We Can Do About It
Financial journalist Riva Froymovich has good reason to be anxious about the financial turmoil facing Generation Y. This is her generation.Indeed, Generation Y has suffered the brunt of the financial crisis and great recession. For those in the U.S. born after 1976, the American dream is a is becoming a nightmare. Swamped in student loan debt they're postponing marriage and buying homes, unable to save money, and delaying having children.The End of the Good Life: How the Financial Crisis Threatens a Lost Generation--and What We Can Do About It examines short-sighted government policies and initiatives that will wreak havoc on our youth. In addition to offering concrete policy suggestions, this book is driven by the touching personal stories of Americans and other young people around the globe affected by the financial crisis.
- Paperback | 240 pages
- 134.62 x 200.66 x 20.32mm | 158.76g
- 23 Apr 2013
- HarperCollins Publishers Inc
- New York, United States
"Froymovich debuts with an impressive presentation... A forcefully written treatment of the plight in which an increasing number of people find themselves." -- Kirkus "...Froymovich gives voice to the frustrations of a generation. ...Most compelling are Froymovich's interviews with a wide range of dispirited young adults that provide a more intimate picture of a generation exploring new paths, developing new opportunities, and reshaping its plans for the future." -- Booklist "Rich with narrative detail from young people around the world struggling to stay afloat... Froymovich lucidly explains how Generation Y suffers from the negative effects of long-term unemployment." -- Publishers Weekly (starred review) "A fascinating, global trip through the daunting numbers and frank stories of the challenges facing young people who want to start a business, make a better living than their parents, or just survive when the financial cards are stacked against them." -- Heidi N. Moore, Finance and Economics Editor, Guardian US "An insightful and astute narrative about the world in which Generation Y is living and what the Millennials (and the rest of us) will need to know about how to be successful now and in creating the future." -- Lucy Marcus, CEO, Marcus Venture Consulting, host of "In the Boardroom with Lucy Marcus" "Riva Froymovich brings a critical question to the forefront: how can we restore an American Dream that is quickly fading for Generation Y? Froymovich illustrates the problem in a vivid and personal way and offers bold prescriptions for meeting this daunting challenge." -- Ian Bremmer, President, Eurasia Group and author of Every Nation for Itself
Back cover copy
Generation Y faces the bleakest economic landscape in modern history. The recent spikes in unemployment and debt, alongside a drop in marriage, home-buying, and childbearing rates, will have long-term consequences for a group that had no hand in creating the financial crisis. For these young adults, the American Dream is moving farther out of reach. Worse still, leaders aren't doing anything about it. Drawing on a wide range of reportage and interviews from across the United States, Europe, Asia, and Latin America, Riva Froymovich gives voice to those struggling in this new economy and explains the harm of shortsighted government policies--including initiatives to curb the national debt and key social programs. Through policy suggestions that focus on social enterprise and investment in economic growth, as well as inspiring stories from young entrepreneurs carving out their own way, End of The Good Life presents a deeply relevant read for Millennials, their baby boomer parents, and anyone who cares about the survival of this nation's most important tenet: the opportunity to get ahead.
About Riva Froymovich
Riva Froymovich has covered the euro-zone in the throes of collapse, the U.S. dollar's historic decline during the Great Recession, the rapid rise of emerging economies, central banks as they faced their biggest challenge since the Great Depression, and politicians' attempt to cobble together financial regulation. She has experience reporting in print and on camera for the Wall Street Journal and Dow Jones Newswires, among other outlets. Riva is a member of Generation Y.