Property News · June 18, 2018

There's a reason why you can't afford to live in America


In this extract of her new book, Guardian columnist Alissa Quart explains how the middle class faces a uniquely American predicament: being ‘squeezed’ economically and psychologically Michelle Belmont’s debt haunted her. It was almost unspeakable, but it was a raw relief when anyone asked her about it. She wanted people to hear about her life as she lived it, how her debt trailed her like a child’s monster, how it was there when she went to the supermarket, to her son’s daycare, and home to her one-bedroom apartment.It began, as it often does, with the student loans for the college her parents back home in Georgia thought would ensure the right future. Then there was the money she borrowed for her master’s of library science degree. A bit later, when baby Eamon came along, she and her husband owed over $20,000 in hospital bills as well. What was shocking were the price tags, just for normal things, like Michelle’s labor and her overnight stay. Continue reading…

Source : theguardian.com
Read more…There’s a reason why you can’t afford to live in America

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