Caitlin Zaloom: Indebted

When:
September 3, 2019 @ 7:30 pm – 8:30 pm
2019-09-03T19:30:00-04:00
2019-09-03T20:30:00-04:00
Where:
2nd Floor, The Strand
828 Broadway at 12th Street NY
NY 10003 USA
Cost:
Free
Contact:
212.473.1452

Doors open 30 minutes before the start of the event.

The struggle to pay for college is one of the defining features of middle-class life in America today. At kitchen tables all across the country, parents agonize over whether to burden their children with loans or to sacrifice their own financial security by taking out a second mortgage or draining their retirement savings. Indebted takes readers into the homes of middle-class families throughout the nation to reveal the hidden consequences of student debt and the ways that financing college has transformed family life.

Caitlin Zaloom gained the confidence of numerous parents and their college-age children, who talked candidly with her about stressful and intensely personal financial matters that are usually kept private. In this remarkable book, Zaloom describes the profound moral conflicts for parents as they try to honor what they see as their highest parental duty—providing their children with opportunity—and shows how parents and students alike are forced to take on enormous debts and gamble on an investment that might not pay off. What emerges is a troubling portrait of an American middle class fettered by the “student finance complex”—the bewildering labyrinth of government-sponsored institutions, profit-seeking firms, and university offices that collect information on household earnings and assets, assess family needs, and decide who is eligible for aid and who is not.

Superbly written and unflinchingly honest, Indebted breaks through the culture of silence surrounding the student debt crisis, revealing the unspoken costs of sending our kids to college.

Join us in the 2nd Floor Art Department as Caitlyn discusses her new book with fellow author Ron Lieber!

Caitlin Zaloom is associate professor of social and cultural analysis at New York University. She is a founding editor of Public Books and the author of Out of the Pits: Traders and Technology from Chicago to London. She lives in New York City. Twitter @caitlinzaloom

Ron Lieber is the “Your Money” columnist for The New York Times. Before joining the Times in 2008, he wrote The Wall Street Journal’s “Green Thumb” personal finance column, was part of the start-up team at the paper’s “Personal Journal” section, and worked at Fortune and Fast Company magazines. He is the author or coauthor of three books, including The New York Times bestseller Taking Time Off.