Code: 04719164

Broke

Name: Broke
Brand: Stanford University Press
SKU: 04719164
Price: 33.60 EUR
Availability: InStock

by Katherine Porter

Language: English
Binding: Paperback
Number of pages: 320
Publisher: Stanford University Press, 2012
More about this

33.60 €

In stock at our supplier
Shipping in 14 - 18 days

Add to wishlist

Titanic on Trial
17.77 € -5 %
Buy
Gender, Work and Medicine
114.31 € -10 %
Buy
American Black Women in the Arts and Social Sciences
135.86 €
Buy
Little Manual of Meditation, The - 15 Effective Ways to Discover Your Inner Self
9.80 € -5 %
Buy
Interpreting LGBT History at Museums and Historic Sites
166 €
Buy
Die Boten des Königs
14.09 € -5 %
Buy
Big Data
76.92 €
Buy

Give this book as a present today

Order book and choose Gift Order.
We will send you book gift voucher at once. You can give it out to anyone.
Book will be send to donee, nothing more to care about.

Book gift voucher sample Read more

You get 83 loyalty points

Book synopsis

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 problem predated that large-scale economic meltdown. And by all indicators, consumer debt will be a defining feature of middle-class families for years to come. The staples of middle-class life--going to college, buying a house, starting a small business--carry with them more financial risk than ever before, requiring more borrowing and new riskier forms of borrowing. This book reveals the people behind the statistics, looking closely at how people get to the point of serious financial distress, the hardships of dealing with overwhelming debt, and the difficulty of righting one's financial life. In telling the stories of financial failures, this book exposes an all-too-real part of middle-class life that is often lost in the success stories that dominate the American economic narrative. Authored by experts in several disciplines, including economics, law, political science, psychology, and sociology, "Broke" presents analyses from an original, proprietary data set of unprecedented scope and detail, the 2007 Consumer Bankruptcy Project. Topics include class status, home ownership, educational attainment, impacts of self-employment, gender differences, economic security, and the emotional costs of bankruptcy. The book makes judicious use of illustrations to present key findings and concludes with a discussion of the implications of the data for contemporary policy debates.