Going Broke
Over the last four decades, debt, bankruptcy, and home foreclosures have risen to epidemic levels, and the personal savings rate has sunk dangerously low. Ten years later, a fully-updated new edition tackles the post-recession era of economic recovery. Why, in the richest nation… Celý popis ↓
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Going Broke
Over the last four decades, debt, bankruptcy, and home foreclosures have risen to epidemic levels, and the personal savings rate has sunk dangerously low. Ten years later, a fully-updated new edition tackles the post-recession era of economic recovery. Why, in the richest nation on earth, can't Americans hold on to their money?First published in 2008, Stuart Vyse's Going Broke described the epidemic of personal debt that existed in the years leading up to the Great Recession, and anticipated the home mortgage crisis that started it.
But the shape of our troubles has changed: the new face of financial failure features auto repossession, bankruptcy, eviction, wage garnishment, and being sued for unpaid bills. Today total household debt has actually surpassed pre-recession levels, and some of the same problems that preceded the crash are back again. Vyse offers a unique
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