Household Finance Adrift in a Sea of Red Ink

by Chorafas, Dimitris N.

• ISBN13: 9781137299444
• ISBN10: 1137299444
• Format: Hardcover
• Copyright: 2013-04-12
• Publisher: Palgrave Macmillan

Summary

The 1980s, 1990s and first six years of the 21st Century have been the "good life" for households. The unwanted result which accompanied it is the sea of red ink. Neither households or their sovereigns can now continue living on debt. Confidence in the western way of life will not return until the current mess of a dysfunctional society, and its economy, is cleared out. Household Finance explains why and how this can be done.

Author Biography

DIMITRIS N. CHORAFAS has advised financial institutions and industrial corporations in strategic planning, risk management, computers and communications systems, and internal controls since 1961. More than 8,000 banking, industrial and government executives have participated in his seminars in the USA, the UK, Germany, Italy, Asia and Latin America. Dr Chorafas is the author of more than 150 books, all critically well-received, and some of which have been translated into up to sixteen languages.

Table of Contents

PART I: SOCIETY IS UNDER STRESS ALL OVER THE WESTERN WORLD
Our Society has to review its Business Model
Entitlements
Jobs and Education
PART II: HOUSEHOLDS MUST GET THEIR ACT TOGETHER
The IOU Abyss
Households and the Value of Money
Managing Family Wealth
The Market does not Crawl. It Jumps
Home Ownership. Shelter or Burden?
A Chapter on the Blind for the Benefit of Those Who Can See