Broke: how debt bankrupts the middle class
by Porter, Katherine, (Katherine M.)
About 1.5 million households filed bankruptcy in the last year, making bankruptcy as common as college graduation and divorce. The recession has pushed more and more families into financial collapse-with unemployment, declines in retirement wealth, and falling house values destabilizing the American middle class. Broke explores the consequences of this unprecedented growth in consumer debt and shows how excessive borrowing undermines the prosperity of middle class America. While the recession t…
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- Full title :Broke : how debt bankrupts the middle class / edited by Katherine Porter.
Summary
About 1.5 million households filed bankruptcy in the last year, making bankruptcy as common as college graduation and divorce. The recession has pushed more and more families into financial collapse-with unemployment, declines in retirement wealth, and falling house values destabilizing the American middle class. Broke explores the consequences of this unprecedented growth in consumer debt and shows how excessive borrowing undermines the prosperity of middle class America. While the recession that began in mid-2007 has widened the scope of the financial pain caused by overindebtedness, the pro.
Read More ↓Edition Statements
- Publication Date:2012.
Publication Statements
- Publisher(s):Stanford University Press
- Place of Publication:Stanford, CA
- Language:eng
- Publication Date:2012.
The Physical Object
- Description:1 ressource en ligne (viii, 305 pages).
Edition Identifiers
- ISBN:9780804780582, 0804780587
- oclc:ocn987305393
- LC Classification:HG3766
- Dewey Decimal:332.70973
Table of Contents
Driven by debt : bankruptcy and financial failure in American families / Katherine Porter -- A vulnerable middle class : bankruptcy and class status / Elizabeth Warren and Deborah Thorne -- Out of balance? : financial distress in U.S. households / Brian Bucks -- Home burdens : the high costs of homeownership / Jerry Anthony -- College lessons : financial risks of dropping out / Katherine Porter -- Striking out on their own : the self employed in bankruptcy / Robert Lawless -- No forwarding address : losing homes in bankruptcy / Marianne Culhane -- Women's work, women's worry : debt management in financially distressed families / Deborah Thorne -- The do-it-yourself mirage : complexity in the bankruptcy system / Angela Littwin -- Less forgiven : race and Chapter 13 bankruptcy / Dov Cohen and Robert Lawless -- Borrowing to the brink : consumer debt in America / Kevin Leicht -- The middle class at risk / Jacob Hacker.
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