Better than I thought it would be. Discusses how this downturn (which politicians and "economists" insist is not a depression!) is different from previous ones and how a lot of us have come to have lowered expectations, even if the idea might be that our expectations were unrealistic to begin with. (Whether it was a college freshmen we spoke to mid-2000s decade who thought he could make $90000 out of college or for that matter some oddball character I sort of knew in very early 2008 who said he would not take a job that paid less than $60,000 even as the writing seemed to be on the wall that you would be lucky if you could even had a chance to take what you can get..)Book tries to be upbeat, but given the situation and the content, easier said than done. Don Peck has assembled an incredible interpretation describing the change in our nation's major guidelines in attaining financial security.The three main tenants of attaining financial security; (1) a good education, (2) saving money, (3) and buying a house have all be destroyed by financial events since the 1970s. Today, we search for a new paradigm in how to build financial security.This was a very thought provoking book.
Dismal and a wonkier tone. Worth reading to gain macroeconomic understand of last three years.
—jts628
Non fiction is so depressing ...this made me feel more hopeful about the economy .
—cassiemaybe
Excellent and educational insights and recommendations for our economic problems.
—fancy098
Not as many answers as I hoped for, yet some good ideas.
—Jazz
Peck is a great writer.
—Menthis
