Sharing Risk: The Path to Economic Well-Being for All

Examining why society should pool and spread the financial risk that individual families now bear.

Over the past sixty years, businesses and government have increasingly off—loaded financial risk onto US households. The toll has pushed tens of millions of people to the financial breaking point, worsened social inequity, and jeopardized US democracy. In Sharing Risk, consumer advocate and scholar Patricia A. McCoy draws on the nation’s traditions of risk sharing to argue that society should...