At a time when Americans owe close to $800 billion in credit card debt, the myth is that credit cards are primarily financing America's luxury lifestyles-helping white suburban families pay the costs attached to extravagant homes, luxury cars, and golf club memberships-or helping those who aspire to these lifestyles. Up to Our Eyeballs reveals the disturbing reality that credit cards are in fact the new "safety net," being used by desperate middle- and low-income families to manage essential expenses. In the increasingly volatile American economy, where a decline in work-related benefits like health insurance and pensions has accompanied a rising cost of living and increased job instability, consumer debt has become a fact of life for many American families. Up to Our Eyeballs is a troubling examination of the causes and consequences of this explosive rise in consumer debt. Including a critical look at how the financial industry became the aggressive, hyper-profitable industry it is today, this book also incorporates solutions that will be of real relief to struggling households.
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Author: Lardner, James
Author: Garcia, Jose
Author: Zeldin, Cindy
Publisher: The New Press
Illustration: N
Language: ENG
Title: Up to Our Eyeballs: The Hidden Truths and Consequences of Debt in Today's America
Pages: 00000 (MicrosoftReader.lit) / 00000 (Encrypted PDF)
On Sale: 2008-03-11
SKU-13/ISBN: 9781595582119
Category: Business & Economics : Personal Finance - Money Management
Category: Business & Economics : Finance