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Strapped: Why America's 20- and 30-Somethings Can't Get Ahead
Tamara Draut
Doubleday
, 2006 - 288 pages
average customer review:
based on 58 reviews
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Right On Target
I think the author is right on tar
get about
the high cost of education and housing, but she doesn't mention the extraordinary tax shelters that earlier generations exploited in the 1960s, 1970s, and 1980s, and the subsequent shift of tax burdens from the earlier generations who exploited those tax loopholes to the Gen Xers in the 1990s and
20
00s. All this while earlier generations packed the government with social programs that would benefit them down the road at the expense of higher national debt obligations that Gen Xers would have to pay later on.
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