Up to Our Eyeballs

How Shady Lenders and Failed Economic Policies are Drowning Americans in Debt

von James Lardner, Cindy Zeldin, Jose Garcia

223 Seiten, Hardcover

Kurzbeschreibung des Verlags

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.

• Reihe: The New Press
• ISBN: 9781595582119
• Sprache: Englisch
• Erscheinungsdatum: 30.03.2008
• Größe: 196 x 140 mm
• Verlag: The New Press