Summary of An Honest Look at the Personal Financial Crisis

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Rating

8

Qualities

  • Eye Opening
  • Concrete Examples
  • Engaging

Recommendation

Despite holding graduate degrees from Harvard Business School and Johns Hopkins as well as impressive career credentials, 55-year-old Elizabeth White is barely making ends meet. In a moving TED Talk, White breaks the taboo on talking about financial insecurity among middle-class Americans nearing retirement age. White and her generation are pioneers – the first to explore the uncharted territory of the “retirement crisis.” If you’re late on in your career with no safety net, getAbstract believes White’s advice could provide a parachute.  

About the Speaker

Elizabeth White is a former business executive and entrepreneur. She is the author of 55, Underemployed, and Faking Normal.

 

Summary

Elizabeth White is fed up with pretending to be able to afford the middle-class lifestyle she once led. The Harvard Business School graduate struggles with finding steady work, and, at age 55, she is at a loss as to how to finance her retirement.

White decided to speak out about her precarious financial situation because she knows she isn’t alone. Almost half of all Americans don’t have enough cash tucked away to cover an emergency expense of $400. Most American households either have no retirement savings or have saved up too little to cover even a fraction of their monthly expenses at retirement...


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