2015-08-14 US: A share-croppers class has been established
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Where a solid middle-class used to exist... now a class of share-croppers for the banks.
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Americans Have $11.85 Trillion in Household Debt. How Did We Get Here?...
Tracy Loeffelholz Dunn and Heidi Bruce, YES! Magazine: Household debt is now $11.85 trillion, and it has more to do with stagnant wages than unnecessary spending. In past decades, the more the top 10 percent prospered, the more the bottom 90 percent borrowed. Now, we're borrowing more for things income used to cover.
Read the Graphic
See More
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Where a solid middle-class used to exist... now a class of share-croppers for the banks.
____
Americans Have $11.85 Trillion in Household Debt. How Did We Get Here?...
Tracy Loeffelholz Dunn and Heidi Bruce, YES! Magazine: Household debt is now $11.85 trillion, and it has more to do with stagnant wages than unnecessary spending. In past decades, the more the top 10 percent prospered, the more the bottom 90 percent borrowed. Now, we're borrowing more for things income used to cover.
Read the Graphic
See More
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